Welcome to the Weekend Updates As I wrote in my October blog, this month has been volatile. This is not a surprise as it happens most of the year. Last week, the U.S. stock markets experienced volatility due to escalating U.S.- China trade tensions and a prolonged government shutdown which started on October 1. A sell-off sparked by trade concerns and regional bank credit issues led to a sharp decline mid-week, with the S&P 500 losing 2.4% at its lowest. Markets rebounded slightly by Friday, supported by better-than-expected bank earnings and eased trade concern. Gold hit record highs above $4,100, reflecting safe-haven demand, while the 10-year Treasury yield rose to 4%. The VIX surged past 27, signaling heightened uncertainty. Investors await key data delayed by the shutdown. Despite all these the Dow Jones was up 1.6%, the S&P 500 was up 1.7% , and the Nasdaq rose 2.1% for the week. Most of the AI related stock and Quantum computing stocks were h...
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