Russell 2000 Extends Rally Despite Broader Market Selloff

Disappointing earnings from Alphabet (GOOGL) and Caterpillar (CAT) weighed on Wall Street today, with the former marking its worst day ever. The Nasdaq suffered a 365-point loss, while the S&P 500 and Dow finished in the red as well, all snapping three-day winning streaks. Small caps bucked the broader-market trend, however, with the Russell 2000 (RUT) securing its fourth straight win and eighth gain in the last nine sessions.

Elsewhere, the S&P 500 healthcare sector hit a fresh record high, boosted by strong earnings from Eli Lilly (LLY) and Merck (MRK). Investors also unpacked the Federal Reserve's preferred inflation gauge, the PCE price index, which rose in September but came in largely in line with expectations.

• Super Micro Computer stock pulling back before earnings. 
• 3 quarterly reports to unpack from major players.
• Plus, on deck next week; CMG resilient post-earnings; and more on GOOGL. 

5 Things to Know Today

1. Six stocks to watch for outsized moves this week.
2. Schaeffer's Velocity Trader: let us find your volatility opportunities.  
3. The first week of November will bring plenty more earnings, economic data. 
4. Chipotle stock surged on promises of continued comparable sales growth. 
5. Alphabet stock hit with bear notes and options pressure. 

Oil, Gold Quietly Lower

Oil prices dipped on renewed peace negotiations in the Middle East. December-dated West Texas Intermediate (WTI) futures fell 78 cents to settle at $102 per barrel.

Gold prices are headed for their second-straight monthly decline. December-dated gold futures fell 0.3% to $4,037.60 an ounce.