The S&P 500 started well, up on Monday and Tuesday, then slid as central bank news and weak tech results piled up.
Weekly Brief
Weekly Brief
Every market here fell as a record hack and tech worries hit
Crypto was rattled by a huge exchange theft, while stocks and gold slipped as central banks held firm and big tech results disappointed.
S&P 500 −0.5%
Oil −0.6%
Nasdaq 100 −1.8%
Bitcoin −2.2%
Ethereum −2.3%
Gold −2.6%The biggest fall of the 6.
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.
Oil gave back some of the week before's gain and slipped to the middle of its range, with most trading days up.
The Nasdaq 100 took the hardest hit from the tech results and the rate worries. Thursday was its worst day.
Bitcoin fell with the Binance hack, even though it rose on most days of the week. One bad Thursday outweighed them.
Ethereum fell with bitcoin after the hack, and it closed below the whole range of the week before, which was also a down week.
Gold fell the most of the six. It had risen early in the week, then lost ground through the central bank news.
What moved markets
The week's biggest stories, and how each market took them.
- Wed28 OctWed 28 Oct
- CNBCFed holds rates, two officials wanted a hikeWanting a hike shows some officials worry more about prices than about growth. Keeping money expensive for longer usually weighs on tech stocks, and oil moved the other way.
- 2:00 PM EDTFOMC rate decisionIn the 24 hours after
- BTC0.0%
- ETH−0.2%
- S&P−0.5%
- NDX−1.3%
- Gold−0.8%
- Oil−0.7%
Markets that day- BTC+0.5%
- ETH+0.4%
- S&P−0.1%
- NDX−0.6%
- Gold−0.2%
- Oil+1.7%
- Thu29 OctThu 29 Oct
- AxiosBinance freezes withdrawals after record hackWhen a big exchange freezes withdrawals, people worry about their coins and often pull back from crypto. Binance said it would cover all losses. Tech stocks and gold fell the same day.
- CNBCOil swings between peace hopes and strike fearsHopes of restarted talks pulled prices down, but worry about attacks after the midterms kept oil high. That tug of war can keep oil jumpy.
- 8:30 AM EDTUS PCE inflation (September)In the 24 hours after
- BTC−3.5%
- ETH−3.8%
- S&P−1.1%
- NDX−2.8%
- Gold−1.3%
- Oil+2.1%
- 9:15 AM EDTECB rate decisionIn the 24 hours after
- BTC−3.2%
- ETH−3.8%
- S&P−1.1%
- NDX−2.9%
- Gold−1.6%
- Oil+2.4%
Markets that day- BTC−4.1%
- ETH−4.5%
- S&P−0.6%
- NDX−1.9%
- Gold−1.2%
- Oil+1.0%
- Fri30 OctFri 30 Oct
- 11:00 PM EDTBank of Japan decision and Outlook ReportIn the 24 hours after
- BTC0.0%
- ETH+1.6%
- S&P−0.7%
- NDX−1.0%
- Gold−2.8%
- Oil−0.2%
- Yahoo FinanceIntel and Amazon results hit tech sharesWeak results raised doubts that huge AI spending will pay off, and tech shares took the blow. Gold fell harder than stocks that day.
Markets that day- BTC−0.8%
- ETH−0.4%
- S&P−1.1%
- NDX−1.8%
- Gold−3.0%
- Oil+0.3%
Bitcoin's chart, in plain words
The chart shows a market that is weak but not broken. This is context, not a forecast, since chart patterns alone have a poor record in crypto.
- Open
- $80,109
- High
- $81,955
- Low
- $76,264
- Close
- $78,326
The week after2 Nov to 8 Nov
The week ahead
Monday and Tuesday are crowded with company results, with token unlocks mixed in. Wednesday adds more results and a small XRP update, and Friday brings the US jobs report. Times are in your zone (EST).
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
15 eventsAll week
15 to comeMon 2 Nov
Tue 3 Nov
1/2Wed 4 Nov
Fri 6 Nov
Already happened this week
Nothing has happened yet this week. Each event's result shows here once it is over.
Mon 2 Nov
Tue 3 Nov
Wed 4 Nov
Fri 6 Nov
One thing for this week
Let the first jump settle
Big releases often cause a sharp first move that fades within hours. Giving it time before judging it can keep you from reading too much into noise. A quiet stretch is not a signal 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%Reading
- 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%
- 28 Sep to 4 OctBitcoin climbed while gold and oil gave groundBTC +2.4%
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