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📉 TL;DR – Last Week in 60 Seconds
Odds of a December Fed rate cut fell to ~46% last week, as officials signaled patience and recent data ran hot. That kept 10-year Treasury yields hovering near 4.15%. Stocks were mixed: the S&P 500 barely rose; the Dow inched up, the Nasdaq 100 slipped, and small caps fell. Bitcoin dropped ~10%; gold cooled; the dollar eased.
The message: rotation is underway as investors digest rate talk, and adjust year-end positioning around the “higher for longer” theme lasting a bit longer. This week, watch Fed meeting minutes, housing data, and global PMI (Purchasing Managers’ Index) surveys for growth signals. Moves in rates and the dollar will likely steer sector leadership and decide whether buyers defend dips.
Quick Levels → Last week’s change
S&P 500: 6,734.10 | ↑0.08%
Nasdaq 100: 25,008.24 | ↓0.21%
Dow: 47,147.49 | ↑0.34%
Russell 2000: 2,388.23 | ↓1.83%
Gold/oz: $4,085 | ↑2.11%
Bitcoin (BTC): $94,290 | ↓9.97%
U.S. Dollar Index (DXY): 99.27 | ↓0.28%
🚀 Top Movers Last Week
Cypherpunk Technologies (CYPH) ↑500.04% — Rebranded from Leap Therapeutics. $50M Zcash treasury pivot and Winklevoss-led funding, sparked speculative surge.
Eli Lilly (LLY) ↑10.92% — Obesity-drug access deal and GLP-1* demand (Mounjaro/Zepbound) powered record results; management raised full-year guidance.
Strategy (MSTR) ↓17.43% — Tumbled with Bitcoin’s drop; leveraged BTC exposure magnified downside.
Alibaba (BABA) ↓7.54% — Shares slid on White House memo alleging Chinese military (PLA*) links; company denied; geopolitical risk weighed.
Tesla (TSLA) ↓5.86% — China sales hit a three-year low in October amid fierce local competition.