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Travel stocks gained as Brent crude tumbled about 8% on Monday after Iran's leadership authorized further talks with Washington. In Europe, Ryanair rose 5.2% and Lufthansa 4.1% as lower fuel costs lifted the outlook for carriers. Fuel is one of the largest expense lines for airlines such as Delta and American, which had been pressured by last week's tanker attacks near the Strait of Hormuz. Oil rebounded modestly on Tuesday after limited U.S. defensive strikes on Iran's Qeshm

Riot Platforms fell about 7.6% on Monday after Keefe, Bruyette & Woods cut price targets across bitcoin miners that are pivoting to AI hosting. Coinbase also slid about 4% following a Morgan Stanley downgrade. Bitcoin traded near $76,800 and ether near $2,249. U.S. spot bitcoin ETFs saw roughly $399 million of outflows, almost all from BlackRock's IBIT, while ether funds lost about $140 million for a sixth straight day of outflows. The moves extend a weak stretch for crypto-l

The Nasdaq 100 fell about 1.4% on Monday and is now roughly 10% below its record high, meeting the common definition of a correction. The Philadelphia Semiconductor Index has dropped about 12% over three sessions, and Asian chipmakers followed, with South Korea's Kospi sliding more than 3% as Samsung Electronics and SK Hynix each lost around 5%. Analysts describe a shift from thematic optimism about artificial intelligence to scrutiny of cash flows and returns on heavy capita

Energy majors lagged Europe's rally on Monday as oil prices dropped. BP fell 4.4% and Shell lost 3.1% after Brent crude slid about 8% on hopes for a U.S.-Iran deal, while European gas futures fell almost 9%. The pullback follows a strong earnings run for the sector, including BP's nearly fourfold jump in third-quarter profit on a refining windfall. Chevron and Exxon also beat estimates last week. Brent rebounded modestly on Tuesday after limited U.S. strikes near the Strait o

U.S. voters head to the polls for the midterm elections today as the 10-year Treasury yield sits near 4.91% and the 2-year around 4.60%. Options markets are pricing a move of about 0.9% for the S&P 500 today and 1.85% by Friday. Credit conditions are also tightening, with the high-yield spread over Treasuries at 339 basis points, near an 18-month high. Central banks abroad are turning hawkish: Australia's central bank raised rates by 25 basis points, and the Bank of England i

The Nasdaq ended October with its biggest monthly decline since March 2025, as tech investors reacted to AI spending outlooks from Google and Microsoft that came in below expectations. Sentiment toward artificial-intelligence stocks briefly improved after Anthropic's IPO filing, but the lift faded as worries about slower AI investment returned. The Dow, helped by healthcare shares, gained nearly 2% over the same month. The split highlights a rotation away from richly valued g

U.S. stock index futures pointed higher early Monday after a rough end to October. Nasdaq 100 futures were up about 0.84%, S&P 500 futures gained roughly 0.51% and Dow futures rose about 0.55%. Last week the S&P 500 and the Dow each fell less than 1%, while the Nasdaq dropped about 2%. Falling oil prices and hopes of easing tensions in the Gulf helped lift sentiment going into the new week. Investors now face a packed calendar that includes the U.S. midterm elections on Novem

Super Micro Computer is scheduled to report quarterly results this week, part of a crowded earnings calendar that also includes Apple, Palantir, AMD, Pfizer, Block, ARM Holdings, Qualcomm, McDonald's, Uber and IonQ. The server maker's report will be watched as a gauge of demand for AI infrastructure, a theme that has driven much of the market's gains this year but has also made chip and hardware stocks sensitive to any change in spending expectations. Results from consumer an

European stocks opened higher on Monday after data showed eurozone manufacturing growth in October and U.K. factory activity expanding at its fastest pace in more than two years. Asia-Pacific markets were mixed. Hong Kong's Hang Seng rose 0.42%, the Shanghai Composite gained 1.08% and the Shenzhen Component climbed 2.38%, while Japan's Nikkei 225 slipped 0.33% and the Topix fell 0.88%. The stronger manufacturing readings in Europe offered a counterweight to concerns about slo

Crude oil fell sharply on Monday as investors bet on a diplomatic breakthrough between Washington and Tehran. West Texas Intermediate dropped about 4.2% to $99.77 a barrel, while Brent slid roughly 4.3% to $108.68. Secretary of State Marco Rubio said the president prefers negotiations over further military action, and two days of Qatar-mediated talks have kept hopes of an agreement alive. Some reports, however, suggest both sides could prepare for military options after the U

Two Federal Reserve officials said this week that interest rates need to rise to curb inflation, according to market reports, even as the central bank held rates at 3.75%–4.00% on Wednesday. September's PCE inflation reading strengthened expectations that the Fed will raise rates in December. The 10-year Treasury yield ended Friday at 4.929%, down about 0.06 points as investors sought safety. Higher borrowing costs are a key risk for rate-sensitive sectors and for growth stoc

Amazon shares fell about 2% after the company missed third-quarter expectations, adding to investor unease over the cost of the artificial intelligence build-out that has weighed on tech stocks this week. Capital spending reached roughly $77 billion in the quarter, more than double the $35 billion a year earlier. Free cash flow was an outflow of more than $42 billion over the 12 months through September, a record for the company. The stock sits about 15% below its 52-week hig

Social and consumer-internet stocks sold off sharply after earnings. Reddit fell 24%, Roblox dropped 16% and Pinterest slid 6% following their third-quarter results. The declines came as the Nasdaq lost 2.86% on Friday, its worst day since June 5, with October ending as the index's worst month since March 2025. The moves are a reminder that advertising- and engagement-driven platforms face a tough bar after a strong run, and that investors are punishing any disappointment in

Bitcoin dropped roughly 5% on Friday after a reported $6.3 billion hack at the Binance exchange, one of the largest crypto thefts on record. Crypto-related shares were hit hard in premarket trading, with Coinbase, Circle, Robinhood and Strategy each down more than 6%. Binance customer withdrawals are expected to resume by Sunday. The episode landed on a day already marked by a broad technology sell-off, adding pressure to risk assets heading into the new month.

U.S. stocks start November after a rough finish to October, with the S&P 500 closing Friday at 7,580.07 (down 1.82%), the Dow at 51,770.31 (down 1.09%) and the Nasdaq at 25,437.00. The VIX rose nearly 13% to 19.42. Investors will be watching next week's U.S. midterm elections. Reports that the United States may resume strikes on Iran afterward helped lift WTI crude to about $104 and Brent to roughly $112 on Friday. Expectations of a December Fed rate hike and continued worrie

Kroger said at its investor update that it will spend $5 billion through 2029 on lower prices, funded internally. The grocer targets about $4 billion in annualized cost savings by 2029, roughly half from cost of goods, and plans to cut about one-third of corporate roles over three years. New everyday shelf prices are set to reach about 250 stores by year-end and roughly 450 more in 2027. CEO Greg Foran, a former head of Walmart's U.S. business, said the plan is not about bein

Intel shares fell about 29% on Friday, the chipmaker's worst single-day decline since 1974. The drop followed a weak fourth-quarter forecast, which the company tied to a slump in PC demand and a factory accident in Israel. The move helped drag the broader semiconductor group lower and added to a sell-off that pushed the Nasdaq down nearly 3%. Reddit also fell about 29% after giving a softer fourth-quarter revenue outlook, with commentary suggesting AI is eating into software

MGM Resorts reported an adjusted third-quarter loss of $0.11 per share, well short of the consensus for a $0.15 profit. Revenue of $4.21 billion was down 0.9% from a year earlier and slightly below the $4.25 billion expected. Consolidated adjusted EBITDA fell 20.4% to $403 million. The Las Vegas Strip was the main drag: revenue fell 2% to $1.95 billion, average daily rate and RevPAR each dropped 8%, and adjusted EBITDAR declined 12%. Occupancy held at 89%, and management note

U.S. stocks fell sharply on Friday, the last trading day of October, as disappointing earnings from large technology companies set off a broad sell-off. The Nasdaq Composite dropped 2.84% to 25,442.31, the S&P 500 lost 1.83% to 7,578.97, and the Dow Jones Industrial Average fell 1.06% to 51,785.82. The Russell 2000 slid 2.03%, and nearly 70% of U.S. issues declined. Amazon's results were described as disappointing, and Sandisk fell even after beating forecasts on concerns tha

Crude oil rose sharply on Friday after tanker attacks in the Strait of Hormuz. West Texas Intermediate gained 2.18% to $104.20 a barrel, while Brent climbed 2.50% to $117.80, extending a run of monthly gains. Higher fuel costs are a direct concern for airlines and delivery companies, where fuel is among the largest expenses. Air France said it would stay out of its entire affected market until December, an example of how regional tension is already disrupting carriers' schedu