Week in ReviewNo. 26
Week in review: S&P 500 slips 0.3% for the week; gold slides 3.7%
A look back at the week of September 28 across stocks, bonds, currencies and commodities — plus the economic calendar for the week ahead.
- S&P 5007,722.72▼ −0.27%
- Nasdaq27,190.86▲ +0.45%
- Dow51,176.96▼ −1.26%
- 10-yr yield5.28%▲ +11 bp
- EUR/USD$1.1225▼ −1.56%
- Gold$4,162.30▼ −3.68%
- WTI crude$91.11▼ −1.41%
- Bitcoin$84,479▲ +0.51%
Stocks
The S&P 500 fell 0.27% over the five sessions ended Friday, closing at 7,722.72. Elsewhere, the Nasdaq Composite gained 0.45%, the Dow shed 1.26%, and the small-cap Russell 2000 fell 0.16%. The week's best day for the S&P 500 was Friday (+0.73%); its worst was Monday (−0.77%). For 2026, it is up 12.8%.
Rates
The 10-year Treasury yield rose 11 basis points on the week at 5.28%. The 2-year yield climbed 2 basis points to 4.83%. The gap between the two stood at 45 basis points, with the curve upward-sloping.
Currencies and commodities
The euro lost 1.56% against the dollar for the week, to $1.1225, while the dollar rose 0.05% against the yen. In commodities, WTI crude fell 1.4% to $91.11 a barrel, gold lost 3.7% to $4,162.30 an ounce, and copper slid 3.2%. Bitcoin rose 0.5% over the seven days to $84,479.
One month at a glance
S&P 500
7,722.72
+1.2% 1 mo
Nasdaq
27,190.86
+4.2% 1 mo
10-yr
5.28%
+49 bp 1 mo
Euro
$1.1225
−3.1% 1 mo
WTI crude oil
$91.11
+1.0% 1 mo
Gold
$4,162.30
−5.3% 1 mo
The week in numbers
| Instrument | Last | Week chg | Week % | ||
|---|---|---|---|---|---|
| Stocks | |||||
| S&P 500 | 7,722.72 | −20.69 | −0.27% | ||
| Nasdaq Composite | 27,190.86 | +122.14 | +0.45% | ||
| Dow Jones Industrial Average | 51,176.96 | −651.66 | −1.26% | ||
| Russell 2000 | 2,832.90 | −4.65 | −0.16% | ||
| Cboe Volatility Index | 15.31 | +0.44 | +2.96% | ||
| Treasury yields | |||||
| 3-month Treasury bill | 4.19% | −5 bp | — | ||
| 2-year Treasury | 4.83% | +2 bp | — | ||
| 5-year Treasury | 5.06% | +8 bp | — | ||
| 10-year Treasury | 5.28% | +11 bp | — | ||
| 30-year Treasury | 5.63% | +14 bp | — | ||
| Currencies | |||||
| Euro (EUR/USD) | $1.1225 | −0.0178 | −1.56% | ||
| Japanese yen (USD/JPY) | ¥157.67 | +0.08 | +0.05% | ||
| British pound (GBP/USD) | $1.3201 | −0.0052 | −0.39% | ||
| Chinese yuan (USD/CNY) | 6.7046 | −0.0086 | −0.13% | ||
| Canadian dollar (USD/CAD) | 1.4240 | +0.0097 | +0.69% | ||
| Swiss franc (USD/CHF) | 0.8266 | −0.0016 | −0.20% | ||
| Australian dollar (AUD/USD) | $0.6939 | −0.0091 | −1.30% | ||
| Mexican peso (USD/MXN) | 18.3350 | +0.6361 | +3.59% | ||
| Commodities | |||||
| WTI crude oil | $91.11 | — | −1.41% | ||
| Brent crude oil | $102.25 | — | +4.57% | ||
| Natural gas | $3.035 | — | −5.89% | ||
| Gold | $4,162.30 | — | −3.68% | ||
| Silver | $60.42 | — | −6.77% | ||
| Copper | $6.549 | — | −3.21% | ||
| Digital assets | |||||
| Bitcoin | $84,479 | +430 | +0.51% | ||
Weekly changes from the prior Friday's close. Yields in percent; changes in basis points (bp). Currencies are ECB reference rates. Commodities are front-month futures settlements.
The week ahead
- Tue Oct 68:30 a.m.Trade balanceBureau of Economic Analysis
Times are Eastern. Schedules from the BLS, BEA and Federal Reserve; see the full economic calendar.
Chart of the week
Source: U.S. Bureau of Economic Analysis.
Personal saving rate declined to 4.1% in August from 4.6% in the prior month. That is down from 5.2% a year earlier. That is the lowest level since November 2022.
What it measures. The share of disposable personal income that households save rather than spend.
Why it matters. A falling saving rate can mean consumers are stretching to keep spending; a rising one can signal caution — or a cushion that supports spending later.
Worth reading
Selected coverage from other publishers, chosen for relevance to today's markets.
- Fed minutes coming this week could give markets important clues about future rate hikes
- Gen Z is poised to be wealthier than millennials but despair over economy — ‘they get spammed and scammed, and there are tons of fake jobs out there’
- Corporate America has never been this upbeat about future profits
- Warren Buffett’s first tax bill at age 14 was $7. Now Berkshire Hathaway’s is almost $27 billion—and he still says the rich don’t pay enough
- Top Wall Street analysts are upbeat about the prospects for these 3 stocks
- Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.09%
Diurna briefs are compiled from official and exchange data by our publishing system using fixed editorial rules; they describe market moves and do not speculate about causes. This is not investment advice. How we produce the Daily Brief.