Apple’s US$114.477bn quarter includes a tariff-refund boost. The December margin forecast and a separately timed after-hours decline reset the questions for option sellers.
Oil is rebounding while technology optimism carries into Asia and Europe opens softer. For premium sellers, subdued index volatility does not erase company risk or the competing return available on cash.
On August 28, $IWM fell 1.35% and $QQQ lost 0.65% as the 2-year Treasury yield rose 14 bp. $VIX still eased to 14.43, leaving calm volatility at odds with broad risk weakness.
The Nasdaq rose 0.85% from August 21 to 28 as NVIDIA reported a $96.2B quarter and July PCE inflation held at 3.7%. The VIX fell to 14.43, but the 2-year Treasury yield climbed to 4.34%.
At 5:00 a.m. ET, $NQ futures rose 1.14% while $RTY slipped 0.10%. Post-earnings AI optimism is strong, but small-cap futures and soft credit proxies keep the signal concentrated.
U.S. futures are mixed before GDP, income, spending and durable-goods data. NVIDIA reports after the close, while Amazon dates Mechanical Turk’s shutdown.
The S&P 500 slipped 0.28% and the Nasdaq-100 fell 0.97% while the Dow added 0.26%. AST SpaceMobile dropped 9.18% and Micron lost 5.83% as the VIX rose to 15.85.
The S&P 500 lost 1.43% and the Nasdaq 2.05% from August 14 to 21 as technology fell 3.51%, the VIX rose to 15.13 and the 10-year yield reached 4.74%. Health care gained 4.33%, while tracked stocks showed wide dispersion.
$RSP rose 1.04% while $QQQ fell 0.20% on August 19, widening the breadth gap. Near 05:00 ET on August 20, futures slipped mildly as delayed $VIX rose to 15.23 despite lower long Treasury yields.
The S&P 500 gained 0.21% and the Dow 0.22% on August 19 while VIX dropped 6% to 14.89 and the 10-year yield eased to 4.65%. QQQ lagged, MRVL jumped 9.9%, and AEHR slid 12.4%.
$QQQ fell 1.69% on August 18 versus 0.68% for $SPY, while $VIX closed at 15.84. Near 05:07 ET on August 19, equity futures were only fractionally higher as yields eased slightly from official closes.