If History Repeats, Small Caps Will Win in a Landslide

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 30, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Intel shares fell more than 25% in premarket trading on October 30, 2026, after the chipmaker reported lower third-quarter profits and issued weak guidance for the fourth quarter. Amazon stock also declined ahead of the bell despite net income exceeding $20 billion, as free cash flow dropped significantly. Reddit shares tumbled over 22% in premarket trading because user base growth missed expectations, even though third-quarter sales increased. Rivian Automotive stock rose after the electric vehicle maker narrowed its quarterly loss and boosted revenue with the popularity of its new R2 SUV.

Background

• Alphabet lost half a trillion dollars in market value on Thursday, weighing on broader stock indices.
• Leuthold Group data indicates small-capitalization stocks have averaged a 42% annualized return between November of midterm election years and the following April over the past century.
• ExxonMobil and Chevron were scheduled to report earnings before the market opened.
• Skydance completed its takeover of Warner Bros. Discovery less than a month prior to the date of the report.

Read the full article at wsj.com

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