Stock Market: Will S&P 500 Open Up or Down Today? - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)

S&P 500 direction for Oct. 30 hinges on a mix of tech fallout and energy-driven risk. Stock futures were lower early Friday after Alphabet Inc. shares fell more than 12% in the wake of earnings, adding to concerns about rising energy costs and Middle East tensions. Polymarket traders shifted sharply bearish for the Oct. 30 session, with the “S&P 500 (SPX) Up or Down on October 30?” contract implying only a 14% chance of a higher open. Futures reflected the pressure: Nasdaq 100 futures down 1.85% and S&P 500 futures down 0.89%. Brent was up 0.97% to $111.88 a barrel and WTI up 0.96% to $102.98. Friday’s calendar includes the third-quarter employment cost index at 8:30 a.m. ET and Chicago PMI at 9:45 a.m. ET. The article also cites Fed guidance keeping policy on hold and notes major tech and SaaS names taking 20%-25% hits after Alphabet’s weak free cash flow.