Intela: Pre-Bell 
Brief
Time: 2025-10-22 06:52 (ET)
Key Takeaway
• Dow set a record while SPX was flat: earnings drove the tape. [1]
• Texas Instruments’ weak guide hit chips after hours: watch the open. [2]
• 20-year Treasury reopening at 1:00 pm ET caps a data-light day. [3]
What Moved Overnight
• U.S. stocks: Dow +0.5%, SPX near unchanged, Nasdaq −0.2% as earnings led; Asia and Europe firmed. [4]
• Texas Instruments (TXN) fell >7% after its Q4 outlook missed; semis may lag early. [5]
• General Motors popped on results; gold pulled back sharply into today. [6]
How the Prior Session Closed
• SPX finished at 6,735.35, essentially 0.00% on the day. [7]
• The Dow hit a record high (+0.5%); Nasdaq slipped −0.2% as megacaps eased. [8]
• 10-year yield hovered near 3.95% while gold fell −5.7% from its high. [8]
• Top SPX Winner: GM (General Motors) +15.00% (Consumer Discretionary). [10]
• Bottom SPX Loser: NEM (Newmont) −9.00% (Materials). [10]
TSP Stats
G-Fund Estimated Forward Returns • +0.0115% per session [11]
• 5 Sessions: +0.058% • November: +0.22% • 3 Months: +0.73% • 1 Year: +2.94%
FCSI Past-5 Sessions
• F-Fund +0.29% • C-Fund +1.07% • S-Fund +1.63% • I-Fund +0.21% [12]
Today's 1st Hour of Trading, What to Watch For
• Follow-through in yesterday’s leaders and laggards: breadth vs. mega-caps. [8]
• Semi sentiment after TXN guide: watch suppliers and equipment. [5]
• GM continuation risk and rotation into cyclicals vs. defensives. [6]
Upcoming Headlines (5-Day Window, ET)
• 10/22 WED 13:00 — [Auction] 20-Year Bond Reopening: duration supply check. [3]
• 10/22 WED 17:00 — [Earnings] IBM Q3: software vs. services mix matters. [13]
• 10/22 WED 17:30 — [Earnings] Tesla Q3: margins, deliveries, FSD uptake. [14]
• 10/23 THU 08:30 — [Macro] Initial jobless claims: labor trend read. [15]
• 10/23 THU 13:00 — [Auction] 5-Year TIPS: inflation expectations signal. [3]
Disclaimer: Any resemblance to actual outcomes is purely coincidental.
• Powered by AI-Intela: Sometimes thinking hard, sometimes hardly thinking.
▶ Citation Block
[1] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[2] 2025-10-21: barrons.com: “Texas Instruments Stock Tumbles on Disappointing Outlook”
[3] 2025-08-01: home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf: “Tentative Auction Schedule PDF”
[4] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[5] 2025-10-21: investors.com: “Texas Instruments Stock Tumbles On Guidance Miss”
[6] 2025-10-22: investopedia.com: “S&P 500 Gains & Losses Today: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats”
[7] 2025-10-21: investing.com: “S&P 500 Historical Data (SPX)”
[8] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[9] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[10] 2025-10-22: investopedia.com: “S&P 500 Gains & Losses Today: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats”
[11] 2025-10-21: tsptalk.com/tracker/tsp_fund_price.php: “Fund prices”
[12] 2025-10-21: tsptalk.com/tsp_share_prices.php: “TSP Share Prices”
[13] 2025-10-08: newsroom.ibm.com: “IBM to Announce Third-Quarter 2025 Financial Results”
[14] 2025-10-02: ir.tesla.com: “Tesla Q3 2025 Financial Results Webcast Time”
[15] 2025-10-22: marketwatch.com: “U.S. Economic Calendar”
BriefTime: 2025-10-22 06:52 (ET)
Key Takeaway• Dow set a record while SPX was flat: earnings drove the tape. [1]
• Texas Instruments’ weak guide hit chips after hours: watch the open. [2]
• 20-year Treasury reopening at 1:00 pm ET caps a data-light day. [3]
What Moved Overnight• U.S. stocks: Dow +0.5%, SPX near unchanged, Nasdaq −0.2% as earnings led; Asia and Europe firmed. [4]
• Texas Instruments (TXN) fell >7% after its Q4 outlook missed; semis may lag early. [5]
• General Motors popped on results; gold pulled back sharply into today. [6]
How the Prior Session Closed• SPX finished at 6,735.35, essentially 0.00% on the day. [7]
• The Dow hit a record high (+0.5%); Nasdaq slipped −0.2% as megacaps eased. [8]
• 10-year yield hovered near 3.95% while gold fell −5.7% from its high. [8]
• Top SPX Winner: GM (General Motors) +15.00% (Consumer Discretionary). [10]
• Bottom SPX Loser: NEM (Newmont) −9.00% (Materials). [10]
TSP StatsG-Fund Estimated Forward Returns • +0.0115% per session [11]
• 5 Sessions: +0.058% • November: +0.22% • 3 Months: +0.73% • 1 Year: +2.94%
FCSI Past-5 Sessions
• F-Fund +0.29% • C-Fund +1.07% • S-Fund +1.63% • I-Fund +0.21% [12]
Today's 1st Hour of Trading, What to Watch For• Follow-through in yesterday’s leaders and laggards: breadth vs. mega-caps. [8]
• Semi sentiment after TXN guide: watch suppliers and equipment. [5]
• GM continuation risk and rotation into cyclicals vs. defensives. [6]
Upcoming Headlines (5-Day Window, ET)• 10/22 WED 13:00 — [Auction] 20-Year Bond Reopening: duration supply check. [3]
• 10/22 WED 17:00 — [Earnings] IBM Q3: software vs. services mix matters. [13]
• 10/22 WED 17:30 — [Earnings] Tesla Q3: margins, deliveries, FSD uptake. [14]
• 10/23 THU 08:30 — [Macro] Initial jobless claims: labor trend read. [15]
• 10/23 THU 13:00 — [Auction] 5-Year TIPS: inflation expectations signal. [3]
Disclaimer: Any resemblance to actual outcomes is purely coincidental.• Powered by AI-Intela: Sometimes thinking hard, sometimes hardly thinking.
▶ Citation Block
[1] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[2] 2025-10-21: barrons.com: “Texas Instruments Stock Tumbles on Disappointing Outlook”
[3] 2025-08-01: home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf: “Tentative Auction Schedule PDF”
[4] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[5] 2025-10-21: investors.com: “Texas Instruments Stock Tumbles On Guidance Miss”
[6] 2025-10-22: investopedia.com: “S&P 500 Gains & Losses Today: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats”
[7] 2025-10-21: investing.com: “S&P 500 Historical Data (SPX)”
[8] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[9] 2025-10-21: apnews.com: “The Dow hits a record as 3M, Coca-Cola and other big US stocks climb”
[10] 2025-10-22: investopedia.com: “S&P 500 Gains & Losses Today: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats”
[11] 2025-10-21: tsptalk.com/tracker/tsp_fund_price.php: “Fund prices”
[12] 2025-10-21: tsptalk.com/tsp_share_prices.php: “TSP Share Prices”
[13] 2025-10-08: newsroom.ibm.com: “IBM to Announce Third-Quarter 2025 Financial Results”
[14] 2025-10-02: ir.tesla.com: “Tesla Q3 2025 Financial Results Webcast Time”
[15] 2025-10-22: marketwatch.com: “U.S. Economic Calendar”
