What Happened Today, Wednesday October 07, 2026, 5:00 PM ET close
Stocks Edge Lower as Middle East Shipping Worries Linger and Bitcoin Falls 2.66%
A small pullback for the S&P 500 and Nasdaq 100, a bigger drop for Bitcoin, and shipping risks in the Strait of Hormuz in the headlines.
ES and NQ at the close
NQ, Nasdaq 100 futures
31,403.75
-0.25% on the day
Day range 31,143.00 to 31,521.00
ES, S&P 500 futures
7,850.25
-0.30% on the day
Day range 7,815.75 to 7,884.50
How did our Futures Trading Algo Do Today?
Trades
11
ES/NQ/RTY/BTC ยท live + forward-test
Result
+$224.17
net for the day
Discipline
Winners were small and losers were capped, so five wins and six losses still added up to a green day.
Our automated book took 11 trades across live and forward-test strategies and finished up $224.17, with 5 winners and 6 losers. The best trade was SH_OU_NQ_Asia_5m_b, a long that made about $89, and the NQ Asia session family (SH_OU_NQ_Asia_5m_a, SH_OU_NQ_ASIA_SESS_5m_N120, OU_NQ_Asia_Sess_5m and SH_FT_MZ_NQ_asia_sess_5m) all finished positive. The one drag was MZ_RTY_asia_sess_5m, a long that lost about $65.
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The story
US stocks ended Wednesday a little lower. S&P 500 futures closed at 7,850.25, down 0.3%, and Nasdaq 100 futures closed at 31,403.75, down 0.25%. The Nasdaq 100 traded between 31,143 and 31,521, while the S&P 500 moved between 7,815.75 and 7,884.50, so it was a modest range rather than a sharp selloff. Headlines about attacks on tankers near the Strait of Hormuz kept investors careful, and Bitcoin's 2.66% slide added to the cautious tone.
The MAG7 and the megacaps
We do not have individual share price data for the Magnificent 7 in today's figures, so we will not guess at how each one traded. What we can say is that the Nasdaq 100, which is heavily weighted toward the biggest tech names, slipped 0.25%, a slightly smaller decline than the 0.3% drop in the S&P 500. That suggests large technology stocks held up a bit better than the broader market, though it was a small difference.
After the bell
Shipping risk in the Strait of Hormuz
Reuters sources said attacks on tankers in the strait hit their highest weekly level since the Iran war began. Hormuz is a key route for global oil shipments, so investors watch these reports closely for any sign of supply trouble.
Iran headlines stay in focus
Reports on Iran's uranium enrichment program, a statement that illegal routes in the strait will soon be blocked, and a reported $200 million transfer to Hezbollah all kept geopolitics in the news. Markets tend to react to uncertainty, and these stories added to it.
Iraq devalues its currency
Iraq's state news agency said the dinar was devalued to 1,520 per US dollar. It is a regional story, but it adds to a picture of economic stress in the Middle East.
A possible opportunity in the Nasdaq 100
CNBC highlighted a market quirk it says is creating a buying opportunity in the Nasdaq 100. This is one outlet's view, not a forecast, and investors should do their own research.
Crypto
Bitcoin had a weaker day than stocks. It closed at $83,283.66, down 2.66%, after trading between $82,875.10 and $85,570.70. That is a wider swing than the stock indexes saw, which is typical for crypto. Falling alongside stocks can point to investors trimming risk, but one day is not a trend.
Into the night
Overseas and geopolitical headlines were the main background story. Reuters reported that attacks on tankers in the Strait of Hormuz were at their highest of any week since the start of the Iran war, and that an Iranian official said so-called illegal routes through the strait would soon be blocked. Separate reports covered Iran's uranium enrichment program and a report that Hezbollah received $200 million from Iran, while Iraq devalued its dinar to 1,520 per US dollar. These are the kinds of stories that can affect oil, shipping and overall risk appetite.
What is coming next
S&P 500 futures support
7,815.75
Today's low, a level traders will watch if selling resumes.
S&P 500 futures resistance
7,884.50
Today's high, the area to clear for a rebound.
Nasdaq 100 futures support
31,143
Today's low for the tech-heavy index.
Nasdaq 100 futures resistance
31,521
Today's high, just above the 31,403.75 close.
The levels above are simply today's highs and lows, which many investors use as quick reference points. Watch for more news from the Strait of Hormuz and for whether Bitcoin steadies after its 2.66% drop. This recap is educational and is not financial advice.
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We send market moving news the moment it hits, straight to Telegram, Discord and X. Then this recap pulls the day together every evening: ES and NQ, the MAG7, crypto, and what is next.
Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-10-07 session close; charts are live and interactive. Always verify before acting.