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📈 TL;DR – Last Week in 60 Seconds
Stocks finished the week at record highs as cooler inflation kept hopes alive for a Fed rate cut. Big Tech headlines the busiest earnings stretch of the season, while the Fed meets mid-week—two catalysts that could sway the rally’s next leg.
Gold snapped a nine-week run amid profit-taking; the dollar was roughly flat. Bitcoin advanced on the week and potentially targets record territory, as the market embraces risk-on appetite.
Quick Levels → Last week’s change
S&P 500: 6,791.69 | ↑1.92%
Nasdaq 100: 25,358.16 | ↑2.18%
Dow: 46,734.61 | ↑2.20%
Russell 2000: 2,513.47 | ↑2.50%
Gold/oz: $4,114 | ↓3.29%
Bitcoin (BTC): $114,530 | ↑5.35%
DXY (U.S. dollar): 98.94 | ↑0.40%
Source: Federal Reserve Bank of St. Louis
🚀 Top Movers Last Week
SanDisk (SNDK) ↑32.82% — NAND memory supply price hike hopes, AI storage demand; analysts lift targets, storage names rally.
MNTN (MNTN) ↑22.89% — Citi upgrade and adtech momentum; investors lean into connected-TV spending ahead of Q3.
Ford (F) ↑16.11% — Earnings beat and profit surge powered biggest weekly jump; investors looked past headwinds.
IBM (IBM) ↑9.31% — Post-CPI rally plus quantum-computing headlines powered big-cap tech value rotation and gains.
AMD (AMD) ↑8.51% — OpenAI chip pact + IBM algorithm news stoked multi-year AI demand hopes.
🗺 Market Map
U.S.–China talks: Treasury Secretary Scott Bessent said a trade “framework” includes pausing 100% tariffs, delaying China’s rare-earth rules a year, larger U.S. soybean buys, and a TikTok ownership plan—leaders to weigh details next.
CPI (U.S.) last week: September CPI rose 0.30% m/m and 3.00% y/y; core up 0.20% m/m. Release was delayed to Oct 24 due to the shutdown; gasoline jump offset softer shelter. Markets penciled in more Fed easing (statement Oct 29), with the 10-yr near 4%.
AI storage & med-tech pops: Flash-memory names rallied last week on “super-cycle” chatter and upgrades; select healthcare outperformed on strong prints—signaling investors still reward clear earnings beats despite macro noise.
Earnings gravity: Mega-caps report over the next few days; guidance on AI spending and holiday demand may swing indexes more than macro headlines near-term.
Energy pulse: Oil logged its biggest weekly rise since June as sanctions tightened supply and inventories fell; any fresh OPEC+ signal or Russia flow shift could extend the bid.
🛒 Buy Zone
Long-term investors — Consider a small tilt toward equal-weight U.S. stocks as earnings leadership widens beyond the “Magnificent 7.” FactSet shows Q3 growth driven by names like Boeing, Eli Lilly, Intel, and Micron—only one Mag 7 in the top five. Rebalance, don’t chase. Use dollar-cost averaging and keep some dry powder.
Short-term traders — It’s an event-heavy week. Plan for two-way swings around the U.S. central bank (FOMC*) decision and megacap earnings. A trend-pullback setup could appear if the 10-year yield hovers near ~4%—a break lower tends to favor growth, a bounce can lift financials. Trade smaller into catalysts; define stops.
💡 Signal Spotlight
When the Fed and Big Tech Collide, Liquidity Sets the Tone.
Fed decision + mega-cap earnings hit within 48 hours. Statement/press-conference moves yields, which set the tone for growth valuations. Then EPS* and guidance* either confirm or fight that macro move. Some late-week data could be delayed by the gov’t shutdown, adding noise.
👀 What to Watch
Tue, Oct 28 — Consumer Confidence (Conference Board): Gauge of spending mood; replaces missing government data.
Tue–Wed, Oct 28–29 — U.S. central bank meeting & press conference: Policy tone and cut odds drive yields and sector rotation.
Wed, Oct 29 (after-hours) — Microsoft, Alphabet, Meta earnings: Cloud/AI demand, ad trends, capex plans; big index movers.
Thu, Oct 30 (after-hours) — Apple & Amazon earnings: Services, iPhone cycle, retail/cloud read-through for consumers.
Thu, Oct 30 — GDP (Q3, advance): Likely delayed; BEA suspended releases during shutdown.
Fri, Oct 31 — Fed speeches (Members Logan and Bostic): Post-meeting tone could sway yields, dollar, and banks.
📚 Decoder
EPS (Earnings per share): Profit per share over a period.
FOMC (Federal Open Market Committee): Fed Reserve group that sets interest rates.
Guidance: Management’s outlook for future sales, margins, or profits.
🕔 That’s your 5-minute guide to start the week. There’s more info out there…dive in! News is free; risk isn’t.
We’ll be back to check-in on Thursday at 7 AM ET.
Educational only—not investment advice.
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