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Gold fell roughly 1.3% on Friday to about $4,008 an ounce, putting the $4,000 level in sight as higher energy prices and rising yields lifted interest-rate expectations. Silver dropped about 1.5% to near $53.92. Copper moved the other way, gaining 1.78% to $6.476 a pound. The split highlights how industrial metals and precious metals are responding to different pressures. Miners with exposure to both metals, including Freeport-McMoRan, which reports third-quarter results on O

Markets expect the Federal Reserve to leave rates unchanged at its meeting this Tuesday and Wednesday. Kalshi puts the odds of a hold at 92%. Looking further out, CME FedWatch shows about 71% odds of a quarter-point rate increase in December. The 10-year Treasury yield closed Friday at 4.999% and the 30-year at 5.312%, as oil near $116 Brent fueled inflation worries. The Fed's statement and press conference will be scrutinized for any signal on hikes, with Alphabet, Microsoft

Energy was the lone clear winner among S&P 500 sectors on Friday, rising 2.6% as crude climbed. Consumer staples fell 1.92%, communication services 1.78%, consumer discretionary 1.66% and financials 1.32%. The S&P 500 closed down 0.5% at 7,623.68 and NYSE decliners outnumbered advancers by 1.72 to 1. The equal-weight S&P 500 lost 0.77%, showing the weakness was broad. Year to date, the Russell 2000 is up 11.8%, the Nasdaq 11.7%, the S&P 500 11.4% and the Dow 8.6%.

American Airlines shares fell about 4% to $12.06 on Friday, erasing the prior session's post-earnings rebound. Delta slipped about 3% to $76.80 and United about 3% to $98.62 as crude oil climbed to a five-month high. American reported record third-quarter revenue of $16.3 billion, up 19.3%, but jet fuel expense rose 67.5% to $4.63 billion. The company now expects a full-year adjusted loss of $1.00 to $1.60 per share and assumes about $4.70 per gallon for jet fuel in the fourt

Telecom stocks fell sharply on Friday after a report that SpaceX is in talks over tower leases. AT&T dropped 7.96% and T-Mobile fell 7.71%, while tower operator Crown Castle jumped 9.06% on the news. The move put the sector in focus ahead of Verizon's third-quarter results, due before the open on Monday. Investors will be watching for any commentary on competition from satellite connectivity and on tower costs. AT&T had recently raised its 2026 earnings outlook, so the sellof

Investors face a packed calendar in the coming week. The Federal Reserve concludes its October meeting on Wednesday, with markets expecting rates to be held steady and attention on signals about a possible hike in December. On the earnings front, Verizon reports third-quarter results on Monday, October 26, followed by Alphabet, Amazon and Caterpillar later in the week. Freeport-McMoRan is also scheduled to report on October 27. Oil near multi-year highs and Treasury yields ar

American Express shares fell 3.7% on Friday, the worst performance in the Dow, after the company announced it will cut about 5% of its workforce and take a $336 million restructuring charge in the third quarter. The job reductions are described as its first major cuts in roughly a decade. The announcement overshadowed results that topped expectations: third-quarter earnings came in at $4.68 per share, up 13% from a year earlier. Other financial stocks also declined, with JPMo

Brent crude rose 3.1% on Friday to settle at $116.72 a barrel, its highest level since June 2022. The benchmark was below $97 at the start of October. West Texas Intermediate gained 3.8% to $103.27, up about 14% for the month. The surge reflects tighter global supply tied to the conflict with Iran, with Tehran saying it is prepared to respond if the U.S. and Israel resume strikes. Higher energy costs are feeding into gasoline, food and clothing prices. Energy shares were amon

Treasury yields moved higher on Friday, with the 10-year yield rising about 5 basis points to roughly 5.00%, the 2-year climbing to 4.69% and the 30-year reaching 5.33%. The move reversed part of the prior session's decline. The Federal Reserve is widely expected to hold rates steady at its meeting next Wednesday after raising them at its last gathering. Some economists, including BMO's Douglas Porter, expect further increases in December and March. September PCE inflation, d

Wall Street ended Friday lower as rising oil prices and higher bond yields weighed on stocks. The Dow Jones Industrial Average fell 1.2% to 52,215, a loss of about 652 points, while the S&P 500 slipped 0.5% to 7,623 and the Nasdaq Composite lost 0.2% to 25,955. Nearly three in four S&P 500 stocks declined, and the S&P 500 posted its second straight weekly loss. Selling was concentrated in financial and industrial names. Caterpillar fell 2.4%, JPMorgan and Citigroup each lost

Semiconductor shares led a sharp tech sell-off on Thursday, with the Philadelphia Semiconductor Index falling 6.72% and all 30 members closing lower. The Nasdaq Composite dropped 2.6% to 26,008.86 and the S&P 500 fell 1.2% to 7,663.43, while the Dow finished roughly flat at 52,867.98. Lam Research slid about 11.8% on a warning about supply-chain constraints stretching into 2027, while Nvidia fell 4.4% and AMD about 8%. Meta dropped nearly 7% after disclosing roughly $825 bill

Treasury yields fell sharply on Thursday as investors sought safety. The 10-year yield dropped about 17 basis points to 4.96%, its largest one-day decline since March 2023, while the 2-year fell to 4.65% and the 30-year to 5.29%. Lower yields can ease pressure on rate-sensitive areas such as real estate investment trusts, including Realty Income, Medical Properties Trust and Agree Realty, as well as banks and brokerages. Weekly jobless claims fell to 194,000, a three-month lo

Investors rotated into defensive sectors on Thursday as technology sold off. Consumer Staples gained 3.31% and Utilities rose 2.07%, according to market wrap-ups, while the equal-weight S&P 500 ETF rose 0.73% even as the cap-weighted index fell 1.2%. Procter & Gamble gained about 5.6% and Lockheed Martin rose roughly 7%, underscoring the shift toward steadier earners. The rotation is generally favorable for grocery, food and consumer names such as Kroger, Walmart, Coca-Cola a

Bitcoin fell about 4% on Thursday to roughly $81,000, while Ether dropped about 4.7% to near $2,380. The decline came alongside the broader sell-off in technology shares, and reports pointed to hundreds of millions of dollars in crypto liquidations. The slide weighs on crypto-linked equities, including miners such as Riot Platforms and brokerage platforms such as Robinhood. Riot had been trading volatile near $83,000 bitcoin earlier in the week. Gold also fell about 2.7% to n

December Brent crude rose 4% to settle at $113.17 a barrel, its highest settlement since May 4, while December WTI settled near $99.47. Iranian state TV reported seven tankers damaged or set on fire in the Strait of Hormuz, and the Houthis claimed attacks on Saudi targets. Higher crude is generally supportive for producers such as Chevron and BP, but it raises fuel costs for airlines including Delta and American Airlines and for delivery companies such as UPS. Airline shares

Elon Musk said Tesla and SpaceX have each formed special committees to study a potential merger. Tesla shares closed up 3.41% at $386.47 on Wednesday, then fell about 4% in overnight trading after the news. SpaceX (SPCX) closed up 7.79% at $159.31 after its quarterly results beat estimates, with AI accounting for roughly half of its $14.6 billion in revenue. No terms have been announced, and committee reviews do not guarantee a deal. Shareholders of both companies will likely

Freeport-McMoRan is scheduled to report third-quarter results before the market opens on Tuesday, October 27, with a call at 10:00 a.m. ET. Analysts expect earnings of about $0.80 per share on revenue of roughly $7.36 billion. In the prior quarter the copper miner beat estimates, earning $0.74 per share versus $0.62 expected, on $7.03 billion in revenue. The stock opened near $69.60 recently, with a 52-week range of $38.54 to $80.24 and a consensus rating of Moderate Buy. Inv

The Dow Jones Industrial Average closed Wednesday at 52,856.09, up 360.21 points or 0.69%. The S&P 500 gained about 0.6% and the Nasdaq Composite rose about 1%, led by chipmakers, with Nvidia up more than 1.5% and AMD about 2%. Berkshire Hathaway closed at a record high for a tenth straight gain. Netflix fell 4-5% after a soft forecast, and AT&T dropped 6% despite adding 379,000 postpaid phone customers. Super Micro rose after lifting its revenue outlook. Big Tech earnings co

A federal banking regulator finalized rules for stablecoins on Wednesday, giving the crypto industry a clearer framework. Circle and Coinbase each rose more than 4% on the news, and crypto-related stocks broadly moved higher. Robinhood was among the crypto-exposed names that advanced. The brokerage has been expanding its digital-asset offerings, and clearer rules could support that business, though the specific impact on its results remains to be seen. Investors will watch ho

Brent crude rose to about $110 a barrel on Wednesday after an attack on a Saudi Aramco oil field, its highest close since May 19. WTI traded near $98. Higher fuel costs are a headwind for airlines and transport companies, while integrated energy producers typically benefit from stronger prices. The 10-year Treasury yield hovered near 5.15%, keeping pressure on rate-sensitive sectors. Markets will watch for further supply disruptions and any response from producers. This artic