Company / Analytics

Analytics, 16 October 2022

Week 41 in brief

North America

Stocks on Wall Street fell on Friday, giving off morning trading gains following a consumer survey from the University of Michigan showing inflation expectations were increasing. This capped off what was a very volatile trading week, which ended in a historic turnaround rally following the inflation data. The biggest individual stock losers for the day were Tesla and Lucid Motors, whose stocks declined by 7.55% and 8.61%, respectively. This weighed in on the Nasdaq composite which ended over 3% lower.

US bonds also shot higher for the day, with the rate on the 10-year U.S. Treasury topping 4% for the second time in two days.

How did the major indices perform?

On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Corporate earnings season enters one of its busiest weeks starting on Monday, with a more big bank and financial earnings due from Bank of America, Charles Schwab, Goldman Sachs, and Barclays. Other companies due to report results will include Johnson & Johnson, Lockheed Martin, IBM, Netflix, United Airlines, American Airlines, Procter & Gamble, and Tesla.

The latest updates on the U.S. housing market, including September housing starts, building permits, and existing home sales will become available. Investors can also expect a key GDP release from China and vital inflation reading from the U.K.

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