New York Tech Rout
Tech stocks are being aggressively liquidated during the New York session. Traders are dumping these assets, pinning them at the bottom of their daily ranges.
Market read, 2 November 2026
risk-off Published 21:55 UTCOn 2 November 2026 92 of the 231 instruments Kinzan measured closed the 24 hours higher and 131 lower, with the risk dial at 28 of 100 (risk-off). Of the instruments Kinzan tracks, Volatility Index led at +8.91% and Marvell Technology trailed at −12.72%.
Risk-off sentiment dominates as New York selling crushes tech and energy, while the VIX surges and investors flee to safety, leaving markets pinned at session lows.
Selling pressure has intensified in New York, deepening the rout across tech and energy sectors.
The day's movers, and what happened next
"Since" is close-to-close from this day to the latest daily close
| Instrument | That day | Surprise | Since |
|---|---|---|---|
| Volatility Index VIX | +8.91% | +1.2σ | +21.23% |
| Orange Juice OJ | +4.99% | +1.3σ | +0.80% |
| GE Aerospace GE | +4.63% | +2.3σ | +2.36% |
| Home Depot HD | +3.63% | +1.9σ | +0.68% |
| Walmart WMT | +3.38% | +2.6σ | −1.70% |
| Marvell Technology MRVL | −12.72% | −2.4σ | −17.62% |
| AST SpaceMobile ASTS | −11.33% | −2.1σ | −11.01% |
| NEAR Protocol NEAR | −9.33% | −1.8σ | −4.04% |
| Intel INTC | −8.80% | −1.3σ | −6.15% |
| Oracle ORCL | −8.76% | −2.0σ | −2.62% |
Trending that day
On the board because they moved — not instruments Kinzan tracks, so no surprise figure and no page
- Inovio Pharmaceuticals, Inc.INO +213.75%
- VCI Global LimitedVCIG +168.40%
- EVgo Inc.EVGO +46.83%
- Bright Minds Biosciences Inc.DRUG −52.35%
- COMPASS Pathways Plc - AmericanCMPS −27.31%
- Lumentum Holdings Inc.LITE −18.59%
Themes in play
Energy Sector Collapse
Energy assets are facing heavy selling pressure, particularly in New York. The sector is failing to find support, driving prices toward daily lows.
Safe Haven Flight
Investors are rushing into defensive assets as market fear spikes. The VIX is surging, and gold is seeing strong buying interest in the New York session.
Speculative Stock Frenzy
A handful of stocks are seeing massive, high-volume moves that defy the broader market's risk-off tone. These assets are trading at or near their daily highs.
Retail Resilience
Consumer-facing stocks are showing surprising strength, with heavy buying volume pushing them to the top of their daily ranges despite the wider market sell-off.