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SPY's 11:35 Candle: Small Move, Big Mystery

“The SPY candle at 11:35 Eastern opened at 775.04, hit 775.95, low 775.04, closed 775.78. Up point one percent, three point four times average.” — Vera Bullock, on air

At a glance

  • First reported by Bloomberg.com: “Wells Fargo Drops After Report of HUD Probing Lending Practices”.
  • Covered on BBN on Wednesday, October 7, 2026, at 12:41 PM ET on Midday Movers, by Vera Bullock and Dale Bearman.
  • Topics: Wells Fargo.
  • BBN covered this story before: Fed Probes Big Banks' Private-Credit Risk, Benzinga Says (October 6).

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • Bloomberg.comWells Fargo Drops After Report of HUD Probing Lending Practices

What BBN said about it

  1. Vera Bullock · Co-AnchorThe SPY candle at 11:35 Eastern opened at 775.04, hit 775.95, low 775.04, closed 775.78. Up point one percent, three point four times average.

  2. Vera Bullock · Co-AnchorDale, who did this?

  3. Dale Bearman · Chief Skeptic & ContributorA pigeon landed on a trader's mouse, Vera. Or your horoscope app hit buy. Either way, a tiny candle with a huge ego.

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The story so far

  1. Bombers Leave UK, Wells Fargo Upgraded, Diesel Rules Ease · Seeking Alpha
  2. Fed Probes Big Banks' Private-Credit Risk, Benzinga Says · Benzinga
  3. SPY's 11:35 Candle: Small Move, Big Mystery (this story)
  4. Wells Fargo Shares Slip; Hurricane Watch; Plague Cases · New York Post
  5. Wells Fargo Probe Now Joined by Fed Minutes Dissent · Washington Examiner
  6. NYT Details HUD Claim on Wells Fargo; Inmate Weighs In · The New York Times
  7. Wells Fargo Courts Kraken Parent for Crypto Liquidity · CoinDesk

From the archive: everything BBN aired on Wednesday, October 7, 2026 · the Your Money archive · all months