Finance
📊 Market Recap · Oct 30Stocks fall as Intel's outlook sets off a chip sell-off; energy and staples rise — October 30, 2026Read →Brent Falls About 3% to $109.75 at 0407 GMT Monday as Iran Floats Two-Day Plan to Reopen Hormuz
Oil fell in Asian trading on Monday after Iran said a plan worked out with Qatari mediators could reopen the Strait of Hormuz within two days if Washington meets its terms. The U.S. had not publicly accepted the plan, stock futures rose and the 10-year Treasury yield edged down to about 4.91%.
Binance Reports $4.7 Billion in Net Withdrawals After Reopening Following $6.3 Billion Hack the FBI Attributes to North Korea
Binance says it covered most of the stolen crypto with its own money. Reports differ on whether that share is 90% or 95%, and its proof-of-reserves report is due Tuesday, Nov. 3 (UTC), after a delay.
Week Ahead: Midterm Elections, Apple and Palantir Earnings, ISM Data and Friday's October Jobs Report Follow a Third Straight Weekly Drop for the S&P 500 and Nasdaq
Forecasts for October job growth run from 45,000 to 65,000, and 55,000 is one figure among several. The Nov. 6 report comes out three days after Tuesday's election, and CNBC counts 138 S&P 500 companies reporting earnings this week.
Nasdaq Falls 2.86% as Intel Drops 28.6% on Weak Outlook and Amazon Closes Down 1.41%; Index Ends October Down More Than 5%
On Friday, Oct. 30, the S&P 500 fell 1.82% and the Dow fell 1.09%. Investors weighed AI spending against cash flow after earnings from Intel and Amazon. Outlets disagree on whether the Nasdaq 100 closed in a 'correction.'
OpenAI Cuts Funding Target to About $20 Billion at $1.25 Trillion Valuation, FT Reports; Nasdaq Falls 2.86% Friday
The FT says OpenAI lowered its ask from the $30 billion at $1.4 trillion reported in late September, and that its first close will come in under $20 billion. The news came on the Nasdaq's worst day since June 5, while rival Anthropic prepares a November stock listing.
U.S. GDP Grew at a 3.4% Annual Rate in the Third Quarter, Above Forecasts; September PCE Inflation Rose to 3.6% From a Year Earlier
The government reports came out Oct. 29, the day after the Federal Reserve held rates on a 10-2 vote. Both dissenters wanted a hike, and markets put the odds of a December hike at roughly 82% to 85%.
Fed Holds Rates at 3.75%-4.00% on 10-2 Vote; Cook and Hammack Dissent in Favor of a Quarter-Point Hike
The Fed's statement calls inflation 'elevated' and growth 'strong.' Futures traders raised their bets on a December hike. Chair Kevin Warsh said politics 'played no role' in a decision that came six days before the Nov. 3 midterms.
Alphabet Falls About 10% Premarket After Search Ad Revenue and Cash Flow Miss Estimates; Microsoft Rises on 48% Azure Growth
Alphabet and Microsoft both reported more AI demand and more AI spending on Wednesday. Alphabet's free cash flow turned negative and missed estimates, while Microsoft's stayed positive. Amazon and Intel report after Thursday's close.
Treasury Sells $39 Billion of 10-Year Notes at 5.30%, Highest Auction Yield Since 2000; Market Yield Slips From 2002 High
After the Oct. 7 auction drew more bids than usual, the 10-year yield fell back to about 5.29% from an intraday 24-year high. By Thursday morning yields were climbing again after a Fed governor said more rate hikes are needed.
Anthropic Files Public S-1 for Nasdaq IPO, Reporting $16.3 Billion in First-Half Revenue and an $80.7 Billion Net Loss, $72.4 Billion of It a Non-Cash Charge
The filing names no price or valuation. Media reports put the target at $1.5 trillion to $2 trillion. Reported first-half infrastructure spending was nearly $9 billion, and U.S. stock futures were mixed Tuesday.
Kospi Closes Up 3.09% at 5,638 on Chip Buying as U.S. Futures Hover Near Flat Ahead of Fed Decision
Samsung and SK hynix led Seoul higher after Anthropic's IPO filing. U.S. index futures moved between slight gains and slight losses on Tuesday, and a fire near Saudi Arabia's Ras Tanura oil hub kept Brent crude near $116.
U.S. and China Name About $30 Billion Each in Goods for Possible Tariff Cuts; No Rates or Start Date Set as of Oct. 27
The lists came out Sept. 27–28 after Xi Jinping's state visit to Washington. China says about 90% of listed items would move to standard 'most-favored-nation' rates, while the U.S. trade representative says no timeline has been set.