The wrap
- S&P 500 7,811.54 +0.59%
- Nasdaq-100 30,883 +0.51%
- FTSE 100 10,552 +1.06%
- S&P 500 ETF $778.57 +0.60%
- Gold ETF $384.58 +1.57%
- Gold $4,190.84 +0.18%
- GBP/USD 1.3234 +0.04%
- Bitcoin $83,606 +0.73%
- Ethereum $2,534.04 +0.88%
Share markets closed higher on Friday. The S&P 500 rose 0.59% to 7,811.54 and the Nasdaq-100 gained 0.51% to 30,883. In London the FTSE 100 climbed 1.06% to 10,552. US trading is closed at the time of writing, so the S&P 500 move belongs to Friday's session. Palantir was the strongest large mover, up 5.17% to $209.05.
Coinbase followed with a 4.3% gain to $179.39, and Oracle added 4.21% to $141.40. On the downside, Intel slipped 2.22% to $104.70, AMD fell 2.03% to $608.10 and Netflix eased 1.77% to $70.30. None of the headlines in the data explains these individual moves, so they are described without a cause.
Bitcoin rose 0.73% to $83,606 in the past 24 hours, and Ether added 0.88% to $2,534.04. The crypto fear and greed index stands at 61, which its label places in Greed. Gold closed up 0.18% at $4,190.84 in the last session, and the gold ETF rose 1.57% to $384.58 on Friday. Across the tracked assets, 31 carry an Uptrend score, 15 are Mixed and 7 are in Downtrend. Crypto moved modestly over the day, with no headline in the data linking it to the wider share rally.
The rest of today's wrap
US consumer prices rose 3.4% in August, up from 3.36% in the previous reading, while core inflation eased to 2.45% from 2.48%. UK CPI inflation picked up to 3.1% from 2.9%. US M2 money supply reached $23,342.8bn, 5.66% higher than a year earlier and up from $23,217.9bn previously. The Fed funds effective rate sits at 3.88%, inside its 3.75% to 4.00% target range.
The two-year Treasury yield stands at 4.8% and the ten-year at 5.24%, up from 5.22%. The Bank of England Bank Rate is 3.75%. According to MarketWatch, bank earnings are expected to show how higher yields are affecting the economy, and a separate MarketWatch piece warns that yields could still weigh on a bull market now four years old.
The next scheduled events 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. According to MarketWatch, the coming bank results will also offer an early read on whether company earnings can keep supporting the stock market.
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.