The wrap
- S&P 500 7,675.71 +0.68%
- Nasdaq-100 29,273 +1.09%
- FTSE 100 10,650 -0.06%
- S&P 500 ETF $765.18 -0.02%
- Gold ETF $368.06 +0.06%
- Gold $4,021.66 +0.36%
- GBP/USD 1.3347 -0.42%
- Bitcoin $79,730 -0.82%
- Ethereum $2,304.93 -1.66%
The S&P 500 closed up 0.68% at 7,675.71 on Monday, and the Nasdaq-100 rose 1.09% to 29,273. Meta gained 0.57% to $634.15, Broadcom added 0.44% to $330.61 and Intel climbed 0.36% to $90.80. The S&P 500 ETF was little changed at $765.18. In London, the FTSE 100 closed down 0.06% at 10,650 in the last session. Attention in the US has centred on the Anthropic listing, and according to CNBC, prediction market traders say an Anthropic IPO is near-certain this year after the company filed with the SEC.
Crypto markets moved lower over the past 24 hours. Bitcoin fell 0.82% to $79,730 and Ethereum dropped 1.66% to $2,304.93. Polkadot was the weakest large mover, down 2.74% to $1.005, followed by Sui, which lost 1.78% to $0.9072. The Crypto Fear and Greed Index stands at 50, which is labelled Neutral. Across the tracked assets, 18 carry an Uptrend score, 21 sit in Sideways and 15 are in a Downtrend.
Gold closed up 0.36% at $4,021.66 on Monday, while the gold ETF rose 0.06% to $368.06. Oil moved in the opposite direction. The WTI contract closed down 1.94% at $101.27 on Monday, leaving the commodity well above its level of a few months ago in the sense that matters most to energy-sensitive budgets, though the data offers no further detail on that comparison.
The rest of today's wrap
Inflation remains the main economic story. US CPI inflation rose to 3.74% in September, up from 3.4% in the previous reading, and core CPI reached 2.56% from 2.45%. UK CPI inflation climbed to 3.5% from 3.1%. US M2 money supply stood at $23,342.8bn in August, 5.66% higher than a year earlier.
The Federal Reserve's effective funds rate is 3.88%, inside its 3.75 to 4.00% target range. The 2-year Treasury yield is 4.69% and the 10-year is 5.00%, up from 4.96%. The Bank of England's Bank Rate is 3.75%. CNBC Economy describes a $2 trillion deficit and 5% Treasury yields as America's biggest economic challenge.
The next big dates are the Federal Reserve rate decision on 28 October, the Bank of England rate decision on 5 November, the US inflation (CPI) release on 10 November and the UK inflation (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.