🗞️ Weekly Market Recap (27–01 Oct) | Wall Street rallies amid steady investor confidence

📊 Market Snapshot — 27–01 Oct

🇺🇸 Weekly Market Recap — U.S. Markets

This week, Wall Street experienced a positive momentum, with US benchmark indices closing higher. The Nasdaq led the gains, rising by 1.19% to 27,190.863, while the S&P 500 and Dow 30 also posted notable increases of 0.73% and 0.49% respectively. The broader market’s upward trajectory was not accompanied by any major economic headlines, suggesting that investor sentiment remained resilient despite the absence of significant domestic catalysts. The volatility index, VIX, declined by 2.75% to 15.94, indicating reduced market anxiety.

Among individual stocks, Mattel (MAT) emerged as a standout performer, surging 18.8% over the week. On the other hand, Corteva (CTVA) faced a significant setback, plummeting by 83.81%, marking it as one of the week’s most notable decliners. The bond market saw a modest uptick, with the 10-year Treasury yield rising by 0.76% to 5.277, reflecting a slight shift in investor preference towards equities. Despite the lack of explicit economic drivers, the market’s overall positive performance suggests a sustained appetite for risk among investors.

Looking ahead, market participants will be closely watching for any developments that could influence trading sentiment. With no major US economic events scheduled for the upcoming week, the focus may shift to international developments and their potential impact on global markets. Investors will likely remain vigilant, seeking cues from any emerging economic data or geopolitical events that could sway market dynamics.

🏆 Wall Street Movers

Top two gainers in the last trading session include Mattel, Inc. (MAT), surged 18.80% to while Accenture plc (ACN), surged 15.78% to .

Losers include Corteva, Inc. (CTVA), erasing 83.81% to and Paramount Skydance Corporation (PSKY), erasing 9.58% to .

Elsewhere, most active counters were NU, INTC, CTVA.

🌏 Asia & Europe

Asian markets broadly experienced a downturn over the past week, with the Nikkei 225 declining by 0.94% to close at 68,309.46 and the Hang Seng Index dropping 2.76% to 23,934.08. The decline in the Nikkei 225 occurred despite a positive Tankan Large Manufacturing Index reading of 22, suggesting robust sentiment among large manufacturers in Japan. Meanwhile, the Hang Seng’s significant drop may have been influenced by the mixed economic signals from China, where the official NBS Manufacturing PMI remained below the critical 50 mark at 49.8, indicating contraction, while the Caixin Manufacturing PMI showed expansion at 51.5.

Major European exchanges saw gains this week, with the FTSE 100 rising by 0.32% to 10,461.95 and the CAC 40 advancing by 0.52% to 7,875.9. The broader Euro Stoxx 50 also increased by 0.50% to 6,206.02. These upward movements came amid a backdrop of steady economic indicators, including a modest 0.2% increase in the monthly CPI inflation rate across the Eurozone and a 1.2% annual GDP growth in the UK. Notably, the TecDAX outperformed with a 1.05% gain, reflecting positive sentiment in the technology sector. The European Central Bank’s President Christine Lagarde’s speech did not appear to significantly alter investor sentiment, as markets continued their upward trajectory.

💵 Forex Markets

🌐 Other Markets

🪙 Gold is down by 0.72% (30.20 USD an ounce) to 4,172.10 USD an ounce as on Fri. Previous day close was 4,202.30.

🪨 Silver is down by 0.76% (0.46 USD an ounce) to 60.71 USD an ounce as on Fri. Previous day close was 61.17.

🛢️ Crude Oil is down by 1.73% (1.61 USD per barrel) to 91.26 USD per barrel as on Fri. Previous day close was 92.87.

₿ Bitcoin is down by 0.43% (363.35 USD) to 84,486.58 USD as on Fri. Previous day close was 84,849.93.