US Markets The S&P 500 Index dropped 1% on Friday to cap its biggest weekly loss since June. This was driven by a spike in crude prices, renewed inflation fears, and worries about the viability of the AI trade. Futures have slightly recovered today. A wipeout in the shares of
Oil
Nick Spencer-Skeen, Senior Executive Officer, Lunaro Markets Limited Friday Closing Prices S&P 500 7,659 (-1.09%) Nasdaq 29,187 (-2.50%) Gold $4,165 (-0.13%) Brent Crude Oil $109.60 (+3.75%) Oil stole the headlines last week, with renewed energy pressures combining with increasingly hawkish central bank rhetoric to weigh on risk assets. Both Brent and WTI
A flat commodity index conceals growing market divisions The Bloomberg Commodity Total Return Index heads for a marginal weekly decline of 0.1%, leaving it up 1.6% month-to-date and nearly 35% year-to-date. Beneath the calm headline performance, some divergence has emerged, with strength in energy and soft commodities offsetting losses across metals and grains. The mixed
Crude Oil WTI fell 1.2% toward $94.8 per barrel while Brent is down around 2% to 106.2 on Thursday. This likely reflects a technical correction and profit-taking after five consecutive sessions of gains.Investors also assessed reports that the US is considering relaxing sanctions on so-called shadow fleet vessels that have transported oil and petroleum products […]
US Markets SPX was down 0.01% yesterday, and at the time of writing, the SPX futures are up 0.11%, pushing SPX to 7,816. Meanwhile, NDX was down 0.29%, closing at 30,559, as the tech rout spread across Asia, after Chinese memory company CXMT said it is making rapid progress and closing the technological gap. All […]
The market narrative has shifted again. Earlier in the year, crude oil was the dominant macroeconomic risk, lifting inflation expectations and putting pressure on global equity valuations. Now, oil has retreated more than 10% from its September highs, but investors have been handed another challenge: US Treasury yields have climbed to levels last seen in […]
US Markets SPX was down 0.11% yesterday, closing at 7,807, and the futures are trading 0.04% lower at the time of writing this comment. NDX was down 0.78% yesterday and closed at 30,640. We saw a selloff in the memory market yesterday. The weakness was concentrated in memory chips. Shares fell after reports that Chinese […]
US Markets SPX futures are up 0.23% this morning, and NDX futures are up 0.16% this morning. We start the week with a few important datasets that will guide the market. Around 70% of SPX companies are said to report earnings in October. We start the earnings season this week with big Banks such as […]
US Markets The SPX Index is up 0.29% and is currently at $7,790. From a fundamental standpoint, the SPX Index climbed after more details emerged about OpenAI’s estimated revenue, suggesting Wall Street technology shares’ weakness may be contained. OpenAI expects to reach or exceed $70 billion in annualised revenue by year-end, driven largely by growth […]
US Markets The SPX Index is down 0.30% today and is currently trading at $7,775. From a fundamental standpoint, the SPX Index slid in the early session after a report surfaced that President Donald Trump could order strikes on Iran before the midterm elections. That pulled the timeline forward from a report last week suggesting […]
US Markets US equity markets rose to fresh record highs on Tuesday, with the SPX up 0.63%, breaching the $7,800 mark and the NDX up 0.54% by the close. Wednesday’s Asian session is seeing a slight pullback in both indices, with SPX trading near $7830, down 0.08% and NDX trading near $31,215, down 0.13%. The […]
U.S Markets US equities continue to show a constructive setup, with the Nasdaq reaching a fresh intraday high of 30,876 before closing at 30,560, up 0.20%. At the time of writing, the index is currently trading 0.24% higher at 30,634, while the S&P 500 is up 0.33% at 7,690. A key macro tailwind is the […]
U.S Markets The S&P 500 trades near $7,657 and the Nasdaq 100 near $30,596, both pulling back despite Micron’s blowout results and Alphabet’s Gemini 4 Argon rollout, as the rally shows signs of narrowing rather than broadening. Micron’s revenue beat ($54.23bn vs $51.49bn est.) and strong guidance failed to trigger a sustained follow-through, with
U.S Markets The S&P 500 trades near $7,679 and the Nasdaq 100 near $30,326, both holding steady after finding support and stabilising following the recent pullback. Rising Treasury yields, $100+ oil and a firmer dollar remain the key macro overhang, but AI-linked megacaps continue to absorb much of that stress, keeping the index resilient near […]
US Markets US equities extended their rebound in the previous session, with the Nasdaq 100 gaining 2.83% and the S&P 500 advancing 1.49%. At the time of writing, the Nasdaq 100 is trading at 30,485, while the S&P 500 stands at 7,770. The rally was led by technology and AI stocks, with easing oil prices […]
US Markets US equities extended their rebound in the previous session, with the Nasdaq 100 gaining 2.83% and the S&P 500 advancing 1.49%. At the time of writing, the Nasdaq 100 is trading at 30,485, while the S&P 500 stands at 7,770. The rally was led by technology and AI stocks, with easing oil prices […]
Gold & Silver Gold prices rose 0.84% on Friday, closing the first week in the green after three straight weekly declines. Silver was up 1.58% by Friday’s close, ending the week with a 2.72% rise. Both metals were about 0.60% weaker during Monday’s Asian session. Precious metals remain in a tight range, with gold caught […]
Friday Closing Prices S&P 500 7,657 (+0.86%) Nasdaq 26,333 (+0.96%) Gold $4,349 (+0.75%) Brent Crude Oil $104.35 (-4.20%) Last week, our title ‘The Fed Hike Is Back On The Table’ was apt, with Friday’s data reinforcing that view as hotter US inflation and another surge in oil prices combined to push expectations of an imminent […]
Gold & Silver Gold trades near $4,290, holding close to its lowest level since early August, as markets brace for tomorrow’s FOMC decision with a quarter-point hike now priced at roughly 90%. Renewed Iran-linked conflict has pushed oil sharply higher, with US diesel above $6/gallon for the first time, absorbing inflation-hedge and momentum flows that […]
US Markets The SPX Index is down about 0.60% today and is currently trading at $7,610. From a fundamental standpoint, Sam Altman added his support to the idea of “pacing” AI development, so that cutting-edge models don’t outrun the ability of humans to maintain control. Altman said this shift in focus to safety will come […]















