TUESDAY MARKET RECAP
Dow jumped Tuesday as strong earnings and falling oil prices outweighed ongoing pressure on AI-related stocks.
• Dow: +529.85 pts (+1.02%) to 52,495.88
• S&P 500: +0.28% to 7,712.57
• Nasdaq: -0.02% to 26,424.82
Housing starts fell 5.2% in September to 1.221 million, missing expectations, while building permits edged down 0.2% to 1.4 million.
Houstonomics retweeted
Broadview Real Estate unveils plans for O27, a 32-story office tower on Westheimer just inside Loop 610 in Uptown, near the River Oaks District.
Designed by STG Design, the project will deliver more than 520,000 SF of next-generation office space.
realtynewsreport.com/new-off…
U.S. pending home sales fell 7.3% in September; down 11.3% YoY.
All 4 regions declined; West hit hardest.
Houston housing is cooling, not crashing. 🏡
September:
▫️Home sales ↓5.7%
▫️Median price steady at $325K
▫️Inventory up to 5.5 months
Buyers have more options. Sellers face more competition. Higher mortgage rates remain the squeeze.
MONDAY MARKET RECAP
Nasdaq led gains Monday as traders rotated back into tech after last week’s AI-related selloff.
🔺 Nasdaq: +1.11% to 26,430.89
🔺 S&P 500: +0.41% to 7,690.73
🔻 Dow: -36.38 pts (-0.07%) to 51,966.03
J.D. Silva & Associates broke ground Oct. 13 on Lawplex, a $14 million, 42K SF headquarters at 13949 South Freeway in Pearland. The project will accommodate the personal injury firm’s growth and provide space for outside tenants.
The firm will occupy approximately 30K SF in the three-story building
Jamie Dimon warns of 5 economic threats lurking 'under the surface'
1⃣Large government budget deficits.
2⃣Persistent inflation.
3⃣Elevated asset prices.
4⃣Rising interest rates.
5⃣Geopolitical instability.
foxbusiness.com/economy/jami…
Builder Sentiment Falls on Rising Rates
43% of home builders cut prices in October, yet buyer traffic still fell.
nahb.org/news-and-economics/…
WEEKLY MARKET RECAP
Stocks closed lower Friday
• Dow: -175.28 pts (-0.34%) to 52,002.41
• S&P 500: -1.09% to 7,659.44
• Nasdaq: -2.14% to 26,140.03
For the Week
• Dow: +0.7%
• S&P 500: about -2%
• Nasdaq: more than -4%
The latest Baker Hughes U.S. rig count is 603, unchanged for the week ending October 16, 2026, and up 55 rigs from a year ago.
🔻Oil: 459 (- 3)
🔺Natural Gas: 133 (+1)
🔺Misc: 11 (+2)
Harris Health is moving forward with a freestanding cancer center at the John M. O’Quinn Hospital in northeast Houston. The four-story, 125,000-square-foot facility will be located on the southeast corner of the campus along Lockwood Street.
The center is scheduled to open in 2029, following the completion of the new O’Quinn Hospital. Construction is expected to begin in the fourth quarter of 2027. The total project cost has risen to $150 million from an earlier estimate of $70 million, with the additional $80 million coming from philanthropic support.
THURSDAY MARKET RECAP
The Dow surged Thursday
• Dow: +556.21 points (+1.08%) to 52,177.69
• S&P 500: +0.33% to 7,744.06
• Nasdaq: +0.08% to 26,713.03
Houstonomics retweeted
After years of companies cutting office space, their new leases now average a 13% larger footprint, just as supply is shrinking.
Demand for premium office space is surging, rents are up 20%, and developers have every reason to build. Almost nobody is.
cnbc.com/2026/10/14/office-i…
Freddie Mac mortgage update | Oct. 15, 2026
▫️30-year fixed: 7.40%, unchanged this week
▫️15-year fixed: 6.71%, down from 6.73%
Both above year-ago rates: 6.27% and 5.52%, respectively.
Wholesale prices jumped 6.3% annually in September
🔺September PPI: +1.3% MoM, biggest jump since March 2022.
🔺+6.3% YoY, highest since December 2022.
🔺Goods +2.6%; services +0.8%.
🔺Energy +10.8%; gasoline +20.3%.
🔺Excluding food, energy & trade: +0.5% MoM, +5.0% YoY.
US retail sales rose more than expected in September, driven largely by higher gasoline prices
Sales totaled $773.9 billion, up 1.2% from July and 6.0% from August 2025.
Sales for June–August were also up 6.0% compared with the same three months a year earlier.
July’s monthly decline was revised to 0.5%, slightly smaller than the previously reported 0.6% drop.
The miss beneath the beat: core retail sales rose just 0.1% against 0.3% expected. The measure most closely tied to GDP disappointed while the headline grabbed attention.














