Week in ReviewNo. 40
Week in review: S&P 500 slides 1.9% for the week; oil jumps 10.4%
A look back at the week of October 12 across stocks, bonds, currencies and commodities — plus the economic calendar for the week ahead.
- S&P 5007,659.44▼ −1.95%
- Nasdaq26,140.03▼ −4.48%
- Dow52,002.41▲ +0.67%
- 10-yr yield5.09%▼ −15 bp
- EUR/USD$1.1253▲ +0.42%
- Gold$4,181.10▼ −0.83%
- WTI crude$101.41▲ +10.41%
- Bitcoin$81,475▼ −1.29%
Stocks
The S&P 500 fell 1.95% over the five sessions ended Friday, closing at 7,659.44. Elsewhere, the Nasdaq Composite lost 4.48%, the Dow added 0.67%, and the small-cap Russell 2000 fell 3.05%. The week's best day for the S&P 500 was Thursday (+0.33%); its worst was Wednesday (−1.11%). For 2026, it is up 11.9%.
Rates
The 10-year Treasury yield fell 15 basis points on the week at 5.09%. The 2-year yield declined 6 basis points to 4.74%. The gap between the two stood at 35 basis points, with the curve upward-sloping.
Currencies and commodities
The euro gained 0.42% against the dollar for the week, to $1.1253, while the dollar fell 0.15% against the yen. In commodities, WTI crude rose 10.4% to $101.41 a barrel and gold lost 0.8% to $4,181.10 an ounce. Bitcoin fell 1.3% over the seven days to $81,475.
One month at a glance
S&P 500
7,659.44
+1.0% 1 mo
Nasdaq
26,140.03
+0.6% 1 mo
10-yr
5.09%
+9 bp 1 mo
Euro
$1.1253
−2.5% 1 mo
WTI crude oil
$101.41
−4.2% 1 mo
Gold
$4,181.10
−3.5% 1 mo
The week in numbers
| Instrument | Last | Week chg | Week % | ||
|---|---|---|---|---|---|
| Stocks | |||||
| S&P 500 | 7,659.44 | −152.10 | −1.95% | ||
| Nasdaq Composite | 26,140.03 | −1,226.14 | −4.48% | ||
| Dow Jones Industrial Average | 52,002.41 | +347.46 | +0.67% | ||
| Russell 2000 | 2,721.37 | −85.61 | −3.05% | ||
| Cboe Volatility Index | 19.99 | +5.15 | +34.70% | ||
| Treasury yields | |||||
| 3-month Treasury bill | 4.26% | +1 bp | — | ||
| 2-year Treasury | 4.74% | −6 bp | — | ||
| 5-year Treasury | 4.89% | −13 bp | — | ||
| 10-year Treasury | 5.09% | −15 bp | — | ||
| 30-year Treasury | 5.43% | −17 bp | — | ||
| Currencies | |||||
| Euro (EUR/USD) | $1.1253 | +0.0047 | +0.42% | ||
| Japanese yen (USD/JPY) | ¥158.02 | −0.23 | −0.15% | ||
| British pound (GBP/USD) | $1.3335 | +0.0115 | +0.87% | ||
| Chinese yuan (USD/CNY) | 6.6862 | −0.0059 | −0.09% | ||
| Canadian dollar (USD/CAD) | 1.4161 | −0.0065 | −0.46% | ||
| Swiss franc (USD/CHF) | 0.8240 | −0.0071 | −0.86% | ||
| Australian dollar (AUD/USD) | $0.6959 | −0.0022 | −0.32% | ||
| Mexican peso (USD/MXN) | 18.3835 | +0.1834 | +1.01% | ||
| Commodities | |||||
| WTI crude oil | $101.41 | — | +10.41% | ||
| Brent crude oil | $109.86 | — | +4.91% | ||
| Natural gas | $3.116 | — | −3.23% | ||
| Gold | $4,181.10 | — | −0.83% | ||
| Silver | $57.31 | — | −6.13% | ||
| Copper | $6.574 | — | −1.77% | ||
| Digital assets | |||||
| Bitcoin | $81,475 | −1,068 | −1.29% | ||
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
No major U.S. releases are scheduled.
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.
Core PCE inflation moved up to 3.0% in August from 3.0% in the prior month. That is up from 2.9% a year earlier. Over the past 10 years it has ranged from 1.0% (June 2020) to 5.6% (September 2022).
What it measures. The 12-month change in the personal consumption expenditures price index excluding food and energy, published by the Bureau of Economic Analysis.
Why it matters. The Federal Reserve's 2% inflation target is set in terms of the PCE price index, and officials often describe the core measure as the better guide to where inflation is heading.
Worth reading
Selected coverage from other publishers, chosen for relevance to today's markets.
- These surprising stocks could be some of the biggest drivers of S&P 500 earnings growth
- Stocks are heading for a high-stakes showdown, as strong earnings collide with rising borrowing costs
- As AI rally wobbles, stock market’s spotlight turns to earnings
- Top Wall Street analysts are bullish on the growth potential of these 3 stocks
- Why hedge funds could be making a bond market shock more likely
- Tim Cook says late Apple cofounder Steve Jobs gave him this unforgettable advice before handing over the reins as CEO: ‘Never ask what I would do’
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.