The wrap
- Nasdaq-100 30,883 +0.51%
- S&P 500 ETF $778.57 +0.60%
- Gold ETF $384.58 +1.57%
- Gold $4,183.00 -0.13%
- Bitcoin $83,010 +0.86%
- Ethereum $2,511.90 +1.40%
US markets were closed at the time of writing, so the latest equity figures come from Friday's session. The Nasdaq-100 closed up 0.51% at 30,883, and the S&P 500 ETF rose 0.60% to $778.57. Palantir was the strongest large-cap mover, gaining 5.17% to $209.05 on Friday.
On the other side of the ledger, Intel fell 2.22% to $104.70, AMD slipped 2.03% to $608.10 and Netflix eased 1.77% to $70.30. Spot gold closed down 0.13% at $4,183.00 in the last session, while the gold ETF closed up 1.57% at $384.58 on Friday.
Crypto trades around the clock, so its moves are measured over the past 24 hours. Bitcoin rose 0.86% to $83,010 and Ethereum added 1.40% to $2,511.90. Cardano was the largest gainer among the biggest movers, climbing 6.88% to $0.2525, while Sui rose 5.98% to $1.120. The crypto Fear and Greed index stands at 64, which sits in the Greed range. According to CoinDesk, bitcoin and ether liquidity has rebuilt one year after the 10/10 flash crash, although altcoins still face risks.
The rest of today's wrap
Inflation remains above the Bank of England's target path in the UK and above the Federal Reserve's 2% goal in the US. US CPI inflation edged up to 3.4% in August from 3.36% in July, according to the US Bureau of Labor Statistics, while core CPI eased to 2.45% from 2.48%. UK CPI inflation rose to 3.1% in August from 2.9%, according to the Office for National Statistics.
US M2 money supply reached $23,342.8bn in August, up 5.66% on a year earlier, according to the Federal Reserve. The Fed funds effective rate sits at 3.88%, inside its 3.75% to 4.00% target range, and the Bank of England Bank Rate is 3.75%. The 2-year Treasury yield is 4.8%, and the 10-year yield rose to 5.24% from 5.22%. Across the tracked assets, 30 are in an Uptrend, 14 are Mixed and 5 are in a Downtrend.
The next dates on the calendar are the US CPI release on 14 October, the UK CPI release on 21 October, the Federal Reserve rate decision on 28 October and the Bank of England rate decision on 5 November. Each of those releases will update the inflation and rate figures set out above.
Written by AI (Claude, claude-haiku-5-5) from the market data on this site at the time shown, and checked against that data before publishing. Prices at the time of writing; they will have moved since. Educational only, not financial advice.