The S&P 500 fell 0.5% last week, and the Nasdaq dropped 0.7%, both posting second straight weekly losses. The Nasdaq’s 2.9% slide on Thursday was its biggest one-day drop since June, as concerns flared over the cost and availability of financial capital for AI investment. The price of WTI crude topped $100 a barrel amid US-Iran conflict concerns, while the 10-year Treasury yield fell to 5.0%.
The FOMC meeting (Wed) is the focus this week, alongside the release of Q3 GDP and September's PCED inflation report (Thu). San Francisco Fed President Mary Daly and St. Louis Fed President Alberto Musalem speak on Friday. A heavy week of Q3 earnings reports rounds out a packed calendar. Here’s more:
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