Company / Analytics

Analytics, 30 October 2022

Week 43 in brief

North America

A Friday rally on Wall Street stocks sent all major US indices higher, ending the session up about 2.5% or more and ending in weekly gains. The moves were majorly fuelled by encouraging economic data and a sunnier earnings outlook fueled investor risk appetite ahead of next week’s much-anticipated two-day policy meeting of the Federal Reserve.

This marked the second week in gains for the S&P and the Nasdaq while the blue-chip Dow posted its fourth consecutive weekly advance and its biggest weekly percentage gain since May.

Apple Inc underwent a 7.6% rebound from the recent drop as amazon plunged 6.8% following both companies releasing their earnings report

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

Next week will be an eventful one for financial markets, with earnings reports expected from several prominent companies including Stryker, Aflac, Pfizer, Moderna, Toyota, Honda, Qualcomm, PayPal, Starbucks, and Kellogg’s, among others. Policymakers at the U.S. Federal Reserve will gather for the two-day November policy meeting of the Federal Open Market Committee (FOMC) beginning Tuesday, with a key interest rate decision expected on Wednesday.

The U.S. labor market will also be in the spotlight, as several key reports, including the Bureau of Labor Statistics (BLS) October nonfarm payrolls report, will be released. The Institute for Supply Management (ISM) will release the latest PMI figures for the U.S. manufacturing and service sectors.

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