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Related tickers and likely impact
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Inflation , earnings reports and the mood of consumers and the Federal Reserve fill out a busy week
A busy week of data ahead includes inflation, consumer confidence, third-quarter GDP and big earnings reports, arriving just weeks before the Nov. 3 midterm elections. Consumer confidence is expected to keep weakening in October after plunging in September to its lowest level in more than a decade, as higher gas and grocery costs squeeze household budgets. The Fed is expected to hold its benchmark rate steady at the meeting ending Wednesday, following a hike in September, though Wall Street still expects one more hike in December. Economists forecast GDP growth of 1.7% in the third quarter, down from 2.2% in the second, and the PCE inflation measure, the Fed's preferred gauge, is expected to rise to 3.7% from 3.4% in August. The U.S. war with Iran has essentially shut down the Strait of Hormuz and squeezed global oil supplies, pushing up gasoline and shipping costs.
- Economists unanimously expect Fed rate hike in December
Expectations for a Fed rate hike in December have surged, with all 100 economists in a Reuters poll (October 16–20) now forecasting one, versus fewer than half in last month's survey. For the October 27–28 meeting, 94 of 100 economists expect the federal funds rate to stay at 3.75 percent–4.00 percent. Nearly 60 percent expect the policy rate to peak at 4.00 percent–4.25 percent, and 38 of 92 respondents forecast at least two more increases. Inflation has stayed above the Fed's two percent target for nearly six years, while higher energy costs and new tariffs add price pressures; U.S. growth was 2.2 percent in the second quarter and is forecast at 3.2 percent in the third.
- Stocks rebound into key tech earnings: Three things to know in Bitcoin this week
Bitcoin started the week near $82,000 as stock markets attempted a tentative rebound after last week's tech-led selloff that began in South Korea, where KOSPI gained about 1.8% on Monday. Analysts expect bitcoin to retest $80,000 support after a weekly close below key local support, when the Coinbase Premium Index hit -0.14, its lowest level since late June. About 15% of S&P 500 companies report third-quarter earnings this week, including SpaceX, Tesla and Meta. Markets see 85% odds that the Federal Reserve keeps rates in the 3.75%-4.00% range at its October 28 meeting, and 75% odds of one 25-basis-point hike by year-end after two further hikes were priced out. Persistent inflation remains a concern, with September CPI at 3.7% year-on-year and PPI up 1.7% month-on-month, keeping tighter policy in view.
- Maybe inflation isn't such a big problem after all
Inflation is a major issue in the election and markets, yet third-quarter results from the big banks show little effect on their profits so far. The August CPI rose, with inflation at a 3.7% annual rate, fueling talk that the Fed may be forced to raise rates at its FOMC meeting in a couple of weeks. Citi's wealth division saw client balances rise 9% year over year to $1.4 trillion, with revenue up 15% and income up 93%, while Wells Fargo grew on new credit cards and auto loans and JPMorgan earned $15 billion. However, banks using AI agents face competition for deposits and legal liability under consumer-protection laws if their chatbots act improperly.
- What to make of September CPI and the latest wave of bank earnings
Yahoo Finance's Brian Sozzi weighed in on September CPI, which rose 3.7% from 3.4% in August, while core prices rose 2.6% from 2.4%; stocks initially gained before the market turned to talk of more Fed rate hikes. He argued the data is not new, since the Fed had signaled in September it may not be done hiking and energy prices remain elevated. Goldman Sachs economists think AI-driven inflation is near a peak because memory chip prices may fall in 2027, which would help the economy but hurt Micron and Sandisk. Bank of America's earnings were weaker than expected, mainly due to stock trading, and its shares fell sharply. According to the Wall Street Journal, Netflix is cutting about 6% of its staff, its biggest cut since 2022, and its upcoming earnings call may address a possible dividend.
- China's third-quarter economic growth quickens to 4.5% as exports surge, beating estimates
China's GDP grew 4.5% year on year in the third quarter, up from 4.3% in the second quarter and above the 4.4% expected in a Reuters poll, as strong foreign demand for technology goods offset weakness in property and consumption. The monthly trade surplus hit a record $133.5 billion. Still, September retail sales rose 1.1%, beating forecasts, while urban fixed-asset investment fell 7.2% in the first nine months and real estate investment dropped 20.6%, pointing to weak domestic demand. Producer prices rose 5% in September, the fastest pace in over four years, while consumer inflation stayed below 1%, limiting firms' ability to raise prices. One economist forecasts full-year growth of 4.7%, and economists largely expect the People's Bank of China to keep benchmark lending rates unchanged this year.
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Meta Platforms announced a stock split with its third-quarter results, creating a non-voting Class C stock with one new share for each existing share, which the company says will help raise capital without diluting CEO Mark Zuckerberg's voting control. Revenue rose 26% year over year to $64.6 billion and EPS reached $3.83, up 265%, while operating income fell 37% to about $13 billion because of a $9.89 billion legal charge; excluding that charge, it would have risen 11%. The charge relates to a settlement of up to $18 billion over 10 years with a bipartisan group of state attorneys general over lawsuits about harm from its social media platforms. Daily active people rose 3% to 3.64 billion, and more than 10 million people in the U.S. and Canada have set up the Muse AI agent, with about 25% using it on any given day. The article says Meta's AI push could diversify its revenue, though its core advertising business still generates most of it.
- Wall Street Assets Take Nearly A Quarter Of Crypto Perpetual Trading: Glassnode Report
Bitcoin fell to $80,000 as traditional assets such as stocks, ETFs, indices, gold and oil took a bigger share of trading on crypto exchanges. According to a Glassnode and Fasanara Digital report, perpetual futures tied to these assets made up 23.5% of volume in August, up from 0.5% in November 2025, with about $778 billion traded in August alone. Trading in crypto-asset perpetuals fell 49% over the same period, which lifted the traditional-asset share. Binance handled about 55% of perpetual volume, OKX a little over 15% and Hyperliquid 11%, with traditional assets making up 35.2% of Hyperliquid's perpetual volume compared with 27.6% on Binance. The report says Bitcoin's correlation with gold peaked on September 11 at its highest level since data began in March 2018, and that the figures are conservative because unclassified contracts were counted as crypto.
- AI funding fears rattle Wall Street. Here's how we're adjusting our portfolio
Wall Street struggled last week as concerns about financing the AI boom overshadowed strong earnings. Meta reported negative free cash flow for the first time since its 2012 IPO, and CoreWeave fell 10% Thursday as investors scrutinized its borrowing costs, before the Dow dropped more than 1% Friday as oil surged on fears of renewed U.S. strikes against Iran. For the week, the Dow gained 0.4%, the S&P 500 fell 0.5% and the Nasdaq slipped 0.7%. The portfolio bought 10 shares of GE Vernova and upgraded it to a buy-equivalent 1 rating, while reducing broader AI exposure by exiting Broadcom at an average gain of roughly 128% and trimming CrowdStrike, which had a gain of about 187%. Defensive stocks like Kimberly-Clark (up 4.3%) and Home Depot (up 3.3%) benefited, while Meta, down more than 9% for the week, kept a hold-equivalent 2 rating and $800 price target.
- Could Redwire Be the Next Rocket Lab?
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- Sweden's Government Offices Block ChatGPT and Claude, Keep Microsoft Copilot
Sweden’s Government Offices will block ChatGPT and Claude on staff computers from October 26, making Microsoft Copilot the only approved AI tool after a dedicated security review, according to Sveriges Radio. Director of digitalisation Mikael Wettercrantz said using AI services without a formal contract can have consequences for information security, citing several problematic uses involving sensitive information. Sweden’s Tax Agency and the National Board of Institutional Care have already imposed similar bans, and the Enforcement Authority is preparing its own decision. Some employees can still reach ChatGPT and Claude through an internal AI platform, though the scope and restrictions have not been disclosed. The article notes that Microsoft added Claude models to Copilot in early 2026, and the government has not confirmed whether that option is switched on in its Copilot instance.
- California Diesel Averages $8 . 242 as Tandon Blames Iran War
Republican congressional candidate Ritesh Tandon says President Donald Trump's Iran war has raised fuel costs, with California diesel averaging $8.242 per gallon in the week of Oct. 19 versus $6.276 nationally, per the EIA. He links higher diesel prices to rising merchandise prices and pressure on households living paycheck to paycheck. The BLS reported the all-items CPI rose 0.6% in September and 3.7% over 12 months (up from 3.4% in August), with gasoline supplying more than half the monthly gain as its index rose 9.1%; the release did not measure how much inflation came from the Iran war. The EIA said Brent went from $72 a barrel at the start of July to above $100 by July 23, and U.S. distillate inventories were 13% below their 2021–2025 average for the week ending Sept. 25. Tandon said that if elected he would seek to stop the war and control inflation.
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