Oil rose on fears that Middle East supply could be hit. It kept its winning run going, pushing above the whole range of the week before.
Weekly Brief
How last week went, and what's coming. Every Monday, free.
Weekly Brief
Oil climbed while crypto, stocks and gold all slid
Fresh fighting in the Middle East pushed oil up, and worries about AI spending weighed on stocks, with crypto and gold dragged down alongside them.
Oil +6.3%500S&P 500 −0.9%
S&P 500 −0.9%100Nasdaq 100 −1.5%
Nasdaq 100 −1.5%Bitcoin −2.4%Ethereum −3.3%Gold −4.5%OilFriday's close to Friday's closeLast week+6.3%Open$97.63Close$103.76Week before+9.5%Oil rose on fears that Middle East supply could be hit. It kept its winning run going, pushing above the whole range of the week before.S&P 500Friday's close to Friday's closeLast week−0.9%Open$7,693Close$7,624Week before−2.4%The S&P 500 slid on the AI spending doubts and pricier oil. It ended under everything it traded the week before, after a down week already.Nasdaq 100Friday's close to Friday's closeLast week−1.5%Open$29,433Close$28,986Week before−6.1%The Nasdaq 100 lost ground even though it rose on three of five days. Wednesday and Thursday did the damage as AI names took the hit.BitcoinMonday open to Sunday closeLast week−2.4%Open$82,078Close$80,108Week before−2.0%Bitcoin fell with stocks as the oil and AI worries grew. It rose on only two days, Tuesday and Wednesday, before Thursday undid them.EthereumMonday open to Sunday closeLast week−3.3%Open$2,409Close$2,329Week before−5.0%Ether followed bitcoin lower. It also came back inside the range of the week before, so the slide here stopped short of a new low.GoldFriday's close to Friday's closeLast week−4.5%Open$4,184Close$3,995Week before−0.6%Gold had the roughest week, even with a war in the headlines. It rose only on Wednesday, and it was still recovering from a slightly down week before.
Biggest moverOil+6.3%
The only one of the 6 to finish above its Monday open.
The tallyRose1 of 6Fell5 of 6Deepest fallGold −4.5%
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.
The S&P 500 slid on the AI spending doubts and pricier oil. It ended under everything it traded the week before, after a down week already.
The Nasdaq 100 lost ground even though it rose on three of five days. Wednesday and Thursday did the damage as AI names took the hit.
Bitcoin fell with stocks as the oil and AI worries grew. It rose on only two days, Tuesday and Wednesday, before Thursday undid them.
Ether followed bitcoin lower. It also came back inside the range of the week before, so the slide here stopped short of a new low.
Gold had the roughest week, even with a war in the headlines. It rose only on Wednesday, and it was still recovering from a slightly down week before.
What moved markets
The week's biggest stories, and how each market took them.
Show quiet days3
- Wed21 OctWed 21 OctMarkets that day
- BTC+1.3%
- ETH+1.0%
- S&P−0.2%
- NDX−0.5%
- Gold+0.3%
- Oil−0.4%
- Thu22 OctThu 22 Oct
- BloombergHouthi attacks on Saudi oil sites lift BrentTraders worried that oil from the Middle East could be cut off, even as ships through Hormuz were picking up. Crypto and gold fell hard the same day while oil rose.
- Yahoo FinanceAI stocks slump on data center spending doubtsInvestors began to ask whether the huge spending on AI data centers can last. Those fears hit tech hardest and spread to the wider market.
Markets that day- BTC−3.1%
- ETH−3.4%
- S&P−0.7%
- NDX−2.3%
- Gold−2.4%
- Oil+1.3%
- Fri23 OctFri 23 OctMarkets that day
- BTC−0.3%
- ETH−0.1%
- S&P−0.5%
- NDX+0.2%
- Gold−0.8%
- Oil+4.5%
- Sat24 Oct
Bitcoin's chart, in plain words
Bitcoin had a wide, jumpy week inside a longer slide. This is context, not a forecast, since chart patterns alone have a poor record in crypto.
- Open
- $82,078
- High
- $84,850
- Low
- $79,184
- Close
- $80,108
What the chart showedPick a point to see it on the chart.
The week after26 Oct to 1 Nov
The week ahead
Wednesday is the crowded day, with the Fed and two tech giants. Thursday brings more earnings, US inflation and the ECB, then Japan's central bank on Friday. Sunday has a token unlock. 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 27 Oct
Wed 28 Oct
Thu 29 Oct
1/2Sun 1 Nov
Already happened this week
Nothing has happened yet this week. Each event's result shows here once it is over.
Tue 27 Oct
Wed 28 Oct
Thu 29 Oct
Sun 1 Nov
One thing for this week
Let the first jump settle
This week packs the Fed, inflation and big earnings into a few days. The first move after a big release often reverses, so give it time before you decide what it meant.
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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%Reading
- 12 Oct to 18 OctHot inflation and an AI stock slump pulled most markets lowerBTC −2.0%
- 28 Sep to 4 OctBitcoin climbed while gold and oil gave groundBTC +2.4%
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