Oil was the only market to climb, with Middle East shipping worries driving it. It rose on four of five trading days and finished above the week before's whole range.
Weekly Brief
How last week went, and what's coming. Every Monday, free.
Weekly Brief
Hot inflation and an AI stock slump pulled most markets lower
Prices rising faster made cheaper money less likely, and a rough stretch for chip stocks hit tech hardest, while trouble in the Middle East kept oil climbing.
Oil +8.6%Gold −0.6%Bitcoin −2.0%500S&P 500 −2.1%
S&P 500 −2.1%Ethereum −5.0%100Nasdaq 100 −5.7%
Nasdaq 100 −5.7%OilFriday's close to Friday's closeLast week+8.6%Open$91.04Close$98.84Week before−0.2%Oil was the only market to climb, with Middle East shipping worries driving it. It rose on four of five trading days and finished above the week before's whole range.GoldFriday's close to Friday's closeLast week−0.6%Open$4,191Close$4,165Week before+1.1%Gold gave back ground in a week when inflation was the worry, and the dollar side of that story did not help it. It did recover on Thursday and Friday.BitcoinMonday open to Sunday closeLast week−2.0%Open$83,730Close$82,079Week before−3.2%Bitcoin drifted lower with stocks after the inflation news. It rose on three of seven days, and Tuesday was its best.S&P 500Friday's close to Friday's closeLast week−2.1%Open$7,808Close$7,641Week before+1.2%The S&P 500 slid on the inflation news and the tech slump, after a slightly positive week before. It broke below everything it traded in that week.EthereumMonday open to Sunday closeLast week−5.0%Open$2,536Close$2,409Week before−7.0%Ethereum fell along with bitcoin and took the bigger hit when the inflation report landed. It ended back inside the range of the week before.Nasdaq 100Friday's close to Friday's closeLast week−5.7%Open$30,910Close$29,151Week before+0.4%The Nasdaq 100 fell the most here, as chip and AI stocks, which weigh heavily in it, led the drop. It rose on only one of five trading days.
Biggest moverOil+8.6%
The only one of the 6 to finish above its Monday open.
The tallyRose1 of 6Fell5 of 6Deepest fallNDX −5.7%
The waterline (0%) is where each market began the week: an orb above it rose, one below it fell, and its height on the scale is the size of the move. · Hover an orb for its weekTap an orb for its week
Market by market
What moved each one. Hyperliquid's prices: crypto from Monday 12:00 AM to the end of Sunday, UTC, stocks, gold and oil from Friday's close to Friday's close.
Gold gave back ground in a week when inflation was the worry, and the dollar side of that story did not help it. It did recover on Thursday and Friday.
Bitcoin drifted lower with stocks after the inflation news. It rose on three of seven days, and Tuesday was its best.
The S&P 500 slid on the inflation news and the tech slump, after a slightly positive week before. It broke below everything it traded in that week.
Ethereum fell along with bitcoin and took the bigger hit when the inflation report landed. It ended back inside the range of the week before.
The Nasdaq 100 fell the most here, as chip and AI stocks, which weigh heavily in it, led the drop. It rose on only one of five trading days.
What moved markets
The week's biggest stories, and how each market took them.
Show quiet days5
- Wed14 OctWed 14 Oct
- Trading EconomicsUS inflation came in hotter, driven by energyFaster price rises make interest rate cuts less likely, and cheap money is what has supported crypto and tech stocks. Ethereum and the Nasdaq 100 felt it most.
- 8:30 AM EDTUS CPI (September)In the 24 hours after
- BTC−3.0%
- ETH−5.7%
- S&P−1.6%
- NDX−3.1%
- Gold+0.1%
- Oil−0.5%
Markets that day- BTC−1.8%
- ETH−3.1%
- S&P−1.3%
- NDX−2.8%
- Gold−1.0%
- Oil−0.1%
- Fri16 OctFri 16 Oct
- Yahoo FinanceAI and chip stocks slump, Nasdaq has its worst week since JuneMemory chip makers led the way down, and because they carry so much weight in tech indexes, the whole Nasdaq felt it. Oil went the other way that day.
- Reuters via U.S. News & World ReportTrump waives sanctions and tariffs on Russian energyThe order could let more Russian fuel reach world markets, which would ease supply worries. The administration said it needs time to judge the economic impact.
- The Star (Reuters)Middle East shipping attacks push Brent crude sharply higherAttacks on ships raise fears that fuel will be harder to move, and tighter supply tends to lift prices. It also keeps energy costs in the inflation conversation.
Markets that day- BTC−0.8%
- ETH−0.8%
- S&P−1.1%
- NDX−2.2%
- Gold+0.2%
- Oil+2.8%
Bitcoin's chart, in plain words
Bitcoin held a comfortable cushion above its long-term trend even in a down week. This is context, not a forecast, since chart patterns alone have a poor record in crypto.
- Open
- $83,730
- High
- $84,315
- Low
- $79,732
- Close
- $82,079
What the chart showedPick a point to see it on the chart.
The week after19 Oct to 25 Oct
The week ahead
Earnings dominate. Tuesday brings Netflix, GE Aerospace and two crypto items, Wednesday is the crowded day with Meta, Tesla, IBM and more, then Procter & Gamble and American Express close the week. Times are in your zone (EDT).
The week's calendar
Every event this week in your time, with Polymarket's odds where traders bet on it. Press a day to see only that day.
Days
12 eventsAll week
12 to comeTue 20 Oct
Wed 21 Oct
1/2Thu 22 Oct
Fri 23 Oct
Already happened this week
Nothing has happened yet this week. Each event's result shows here once it is over.
Tue 20 Oct
Wed 21 Oct
Thu 22 Oct
Fri 23 Oct
One thing for this week
Let the first move settle
Big news often causes a sharp jump that fades or reverses within hours. Give each release time before deciding what it meant, and a quiet crypto weekend need not say much either.
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Past briefs
Every week stays here.
- 2 Nov to 8 NovLatestA midterm rally faded as worries about AI spending hit stocks and cryptoBTC −4.5%
- 26 Oct to 1 NovEvery market here fell as a record hack and tech worries hitBTC −2.2%
- 19 Oct to 25 OctOil climbed while crypto, stocks and gold all slidBTC −2.4%
- 12 Oct to 18 OctHot inflation and an AI stock slump pulled most markets lowerBTC −2.0%Reading
- 28 Sep to 4 OctBitcoin climbed while gold and oil gave groundBTC +2.4%
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