Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Wednesday and what’s on the radar for Thursday’s session. The S & P 500: A new high The relative strength index on the S & P 500 is now at 68. Seventy is considered “overbought” and 30 is considered “oversold.” An RSI is one of several indicators a trader might use to determine if a stock or index has run up or fallen too far, too quickly. However, being overbought or oversold doesn’t necessarily mean the stock is in for an imminent rise or fall. NewEdge Wealth’s Rob Sechan said on “Closing Bell” on Wednesday that half of the S & P 500 stocks are above their 50-day moving averages. He believes that signals a lack of support if there were to be a change in investor sentiment. Highs and RSIs The Nasdaq , Nasdaq 100 and Dow all also hit new highs today. The RSI on the Nasdaq 100 and Nasdaq are both above 70, indicating a fast run-up. The Dow has an RSI of 66.65. The S & P industrials, communication services and tech sectors all also hit new highs. The RSI is on the industrials is just 55. It’s 67 for communication services. Tech has an RSI of 74.5, indicating it is in overbought territory. The other side of the coin The S & P Real Estate Sector is 9.6% from its November high. The S & P Energy Sector is 8.6% from its November high. The S & P Materials Sector and Consumer Staples are both 7.7% from their highs. Meta, Microsoft and Alphabet On Thursday, CNBC will be following all three after Wednesday’s earnings reports. Meta beat expectations but announced a tax charge of almost $16 billion and said fourth-quarter revenue would be between $56 billion to $59 billion range. The midpoint of that range is above what anaysts expected. Still, the stock is down about 7% after hours. Shares closed less than 6% from the stock’s August high. Microsoft beat estimates and said Azure cloud grew 40% . Shares are down about 4% in extended trading. The stock is less than 3% from its July high. Alphabet beat estimates as well. The company said it’ll increase capital expenditures to as much as $93 billion this year. The cloud and AI unit showed growth. Shares are up 6% after hours. The stock hit a new high on Wednesday. GOOGL YTD mountain Google’s stock year to date Amazon and Apple report Thursday after the bell Amazon is flat over the past three months, since its previous quarterly report. The stock is 5% from its February high and up 5% year to date. Apple is up 28% since last reporting three months ago. The stock hit a high on Wednesday and is up about 8% in 2025. AMZN YTD mountain Amazon stock year to date Tariff talk with Tom Rotunno: What we learned today: Caterpillar now expects a tariff hit of $1.6 billion to $1.75 billion this year, up from its prior outlook of $1.3 billion to $1.5 billion. Still the stock gained double digits today, having its best day since 2009. CAT now up over 61% year to date, and more than 36% over the last there months. Elsewhere, Brinker International warned it was seeing higher commodity costs due to tariffs. Brinker CFO Mika Ware said on the earnings call: “Last time we talked about the tariffs, they were a little bit more fluid. Now they’re starting to materialize. We took a little bit of price in October. We plan for a little bit more price in January to offset those tariffs.” Brinker shares fell 7% on Wednesday and is on pace to fall four straight months, losing more than 30% in that time. It’s down 13% year to date. What we my learn tomorrow on the tariff front : Thursday before the bell, we’ll get earnings from Estee Lauder . When it last reported earnings on Aug. 20, the company warned of a $100 million hit from tariffs to its fiscal 2026 profitability. The stock is up more than 8% since then, and has gained more than 30% year to date, thanks to a nearly 100% gain since April 9. Ulta Beauty shares, meanwhile, are up about 1% over the past three months, but have risen over 16% year to date and 54% since April 9. E.l.f. Beauty shares are up 6% over the last three months, up 1% year to date and nearly 150% since April 9.
What’s likely to move the market in the next trading session
