The wrap
- S&P 500 7,623.68 -0.52%
- Nasdaq-100 28,958 0.00%
- FTSE 100 10,650 -0.06%
- S&P 500 ETF $759.97 -0.52%
- Gold ETF $366.61 -0.65%
- Gold $4,000.12 -0.19%
- GBP/USD 1.3375 -0.22%
- Bitcoin $80,442 -0.99%
- Ethereum $2,337.79 -2.39%
The S&P 500 closed down 0.52% at 7,623.68 on Friday, and the S&P 500 ETF finished the session at $759.97. The Nasdaq-100 was little changed at 28,958. ExxonMobil led the gainers with a rise of 2.79% to $183.21, followed by AMD, up 1.74% at $516.79, and Intel, up 1.72% at $86.96.
In London, the FTSE 100 closed down 0.06% at 10,650 in the last session. Gold closed down 0.19% at $4,000.12 in the same session, and the gold ETF slipped 0.65% to $366.61 on Friday. Oil (WTI) fell 4.01% to $97.71 on Wednesday, a move that the headlines in the data do not address.
Crypto markets were under pressure. Bitcoin was down 0.99% at $80,442 in the past 24 hours, and Ethereum fell 2.39% to $2,337.79. According to CoinDesk, bitcoin slid below $80,000 as crypto came under weekend pressure on U.S. Middle East evacuations.
The rest of today's wrap
The steepest falls on the board belonged to Polkadot, down 6.78% at $1.040, Sui, down 4.01% at $0.9343, and Cardano, down 3.4% at $0.2061, all over the past 24 hours. The crypto Fear and Greed index sits at 51, labelled Neutral. Across the tracked assets, 18 carry an Uptrend score, 13 a Downtrend score, and 23 are mixed.
Inflation is running higher on both sides of the Atlantic. US CPI inflation reached 3.74% in September, up from 3.4% in the previous reading, and core CPI rose to 2.56% from 2.45%. UK CPI climbed to 3.5% in September from 3.1%. US M2 money supply stood at $23,342.8bn in August, up 5.66% year on year and higher than the previous level of $23,217.9bn.
The Fed funds effective rate is 3.88%, inside its 3.75% to 4.00% target range, and the Bank of England Bank Rate is 3.75%. The US 2-year Treasury yield is 4.69% and the 10-year is 5.00%, up from 4.96%. CNBC has run a piece titled "Why investors are moving back into Treasurys."
The next events on the calendar are the Federal Reserve rate decision on 28 October, the Bank of England rate decision on 5 November, the US CPI release on 10 November and the UK CPI release on 18 November.
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.