Mixed Signals With Big Earnings Due; CrowdStrike, Ethos, CSX, Microsoft In Focus

Major indexes sit below key moving averages while software, healthcare and insurance strength suggests opportunity exists beneath a shaky AI-chip-driven surface.

• Indexes close weak: Dow, S&P 500 and Nasdaq all finished below their 50-day lines Friday Oct 23, with Nasdaq down 0.7% for the week after a Thursday rout tied to Meta's AI capex selloff.
• Breadth outside AI improving: Equal-weight S&P (RSP) rose 1.1% on the week and closed above its 50-day line; software (IGV, +1.7% Friday), staples, retail, healthcare (XLV +1.5% weekly) and insurance (KIE) all showed strength.

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