Company / Analytics

Analytics, 23 October 2022

Week 42 in brief

North America

Stocks on Wall Street closed higher on Friday to finish the week with gains, with all three major indices rising more than 2% for the day and booking their biggest weekly percentage gains since June. This was after signals in the week that the US federal reserve would consider less aggressive inflation-curbing tactics in their oncoming November meeting and beyond.

The week was also marked by earning reports from the major Wall Street companies, soft economic data, and political drama in the UK. Wall Street traders were also coping with intraday volatility in stocks as around $2 trillion in notional value of options on stocks, indexes and exchange-traded funds expired, or were set to expire, on Friday.

How did the major indices perform? On Friday:

For the week:

What drove the U.S. market?

What drove the U.S. market?

How did Asian markets perform?

Bonds and Commodities


Next week

Next week could be the busiest of this corporate earnings season. Investors can expect results from some of the world’s largest multinational companies, including tech giants Microsoft and Apple.

The week will also bring a wide array of economic updates, including the advance estimate for third-quarter gross domestic product (GDP) growth. Further updates on the housing market are expected, including August home prices and September new and pending home sales.

Updates on consumer confidence will arrive with the Conference Board’s Consumer Confidence Index (CCI) on Tuesday, along with the University of Michigan’s Consumer Sentiment Index (MCSI) on Friday.

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