The Nasdaq fell for a third week after Intel cut its chip outlook, and US stocks, gold and crude are shut until Monday. Friday's cash close left the Nasdaq at 25,437.00, down 2 percent on the week and 2.9 percent on Friday, the steepest session since June (Associated Press). The S&P 500 closed 7,580.07, down 0.6 percent on the week. The week in markets ran from October 26 to November 1, 2026. Equity, gold and oil figures below are Friday closes (October 30). Bitcoin and Ether are live as of this Sunday note. Catch up: Saturday's weekly markets roundup and Friday's evening review.
Weekly Scorecard: Nasdaq Loses 2 Percent, Gold Prints a Yearly Low
Monday's morning analysis still had oil near a six-month high; by Friday chips had taken the tape. At Friday's cash close the S&P 500 stood at 7,580.07, down 1.8 percent on the day and down 0.6 percent on the week from 7,623.68 (Associated Press, YCharts, CNBC). Friday range 7,527.56 to 7,637.48. Friday was the worst S&P session since June 5. October 6's 7,818.93 record close remains unrepaired. The Nasdaq Composite finished at 25,437.00, down 2 percent on the week from 25,955.34, a third straight weekly decline. The Dow closed at 51,770.31, down 0.9 percent on the week. West Texas Intermediate's Friday NYMEX settlement was 104.12 dollars, up 2.08 percent on the day and up 0.82 percent Friday to Friday from 103.27 (MarketWatch, Investing.com). Session range 102.43 to 104.99. Spot gold closed Friday about 3,876 dollars (GoldPrice.com 3,875.65), a one-year low, down 3.0 percent on the week from 3,995.81. Cash reopens Monday at 14:30 UTC.
- S&P 500 -0.6% on the week to a Friday close of 7,580.07; Friday -1.8%, range 7,527.56-7,637.48
- Nasdaq -2% at 25,437.00; Friday -2.9% was the worst session since June; Dow -0.9% at 51,770.31
- Gold Friday close about $3,876, a one-year low, week -3.0%; WTI settle $104.12, week +0.82%. Cash reopens Monday
Biggest Movers of the Week
Intel reported third-quarter revenue of 16.51 billion dollars, then guided fourth-quarter sales to 15 to 16 billion dollars against about 17 billion (Reuters). Data Center and AI revenue jumped 78 percent to 7.3 billion dollars. Shares dropped about 29 percent on Friday, the worst session since 1974, and Nvidia and AMD followed. Friday's morning analysis had the after-hours drop at 16 to 23 percent; cash extended it.
Alphabet reported third-quarter revenue of 127.6 billion dollars against about 128.2 billion. Google Cloud more than doubled to 30.71 billion dollars, while free cash flow printed a 9.07 billion dollar outflow. Class A shares fell about 13 percent on Thursday (Reuters). Amazon posted sales of 201.9 billion dollars against about 202.3 billion. Amazon Web Services rose 39.3 percent to 46.0 billion dollars, while trailing twelve-month free cash flow was a 42.4 billion dollar outflow. Management held 2026 cash capital expenditures at about 220 billion dollars (CNBC). Microsoft was the cash exception: Azure grew 48 percent to 33.17 billion, and free cash flow printed 18.6 billion dollars (Reuters). Three hyperscalers printed in two sessions, and only Microsoft still converted the AI build into spare cash.
- Intel about -29 percent after Q4 sales guided 15 to 16 billion dollars; worst session since 1974
- Alphabet free cash flow -9.07 billion; Amazon AWS +39.3 percent with free cash flow -42.4 billion
- Microsoft Azure +48 percent and free cash flow 18.6 billion
Macro: Fed Holds, Gold Loses Four Thousand, Oil Stays Above 104
The Federal Open Market Committee voted 10-2 on Wednesday to hold the funds rate at 3.75 to 4.00 percent. Governor Lisa Cook and Cleveland President Beth Hammack dissented for a quarter-point hike. Chair Kevin Warsh said inflation remains elevated and wants more information before December (Federal Reserve). Futures still assigned about an 85 percent chance of a December hike. Real GDP rose at a 3.4 percent annual rate in the third quarter (BEA). September PCE inflation rose 3.6 percent from a year earlier; core PCE was 3.1 percent.
The Bank of Canada raised its overnight rate by a quarter point to 2.5 percent. The Bank of Japan held at 1.25 percent and said underlying inflation is consistent with the 2 percent goal for the first time since 2013 (Bank of Japan, CNBC). The ECB held the deposit rate at 2.50 percent. Spot gold closed Friday at 3,875.65 dollars, a one-year low (GoldPrice.com, Kitco), after slipping through 4,000 and through Friday morning's 3,988 reference. West Texas Intermediate settled 104.12 dollars, still elevated after the prior week's Houthi strikes on Saudi sites. Gold bullish trigger: a reclaim of 3,988, then 4,005. Bearish trigger: a slip through the Friday low near 3,875. Oil bullish trigger: a hold of Friday's high at 104.99. Bearish trigger: a slip through 102.43, then 99.79.
- Fed held at 3.75 to 4.00 percent, 10-2, with Cook and Hammack dissenting for a hike; Q3 GDP 3.4 percent
- Gold $3,876 (Friday close), a one-year low, week -3.0%; BoC hiked to 2.5 percent
- WTI Friday settle $104.12; gold bullish trigger: reclaim $3,988; bearish: $3,875
Crypto: Bitcoin Holds $77,981 After Binance Restarts Withdrawals
On Thursday, October 29, around 20:05 UTC, attackers moved about 6.3 billion dollars out of Binance hot wallets (TRM Labs, Binance). TRM Labs said with high confidence that TraderTraitor, a North Korean unit linked to the Lazarus Group, carried out the attack. Partners froze about 3 billion dollars. A separate weekend Bitcoin note walked the chart into Sunday's reopen. That reopen happened. Binance resumed withdrawals in phases from about 06:00 UTC this morning, Bitcoin first, and said about 95 percent of losses are covered (Recovery Update #4).
Bitcoin is near 77,981 dollars live on Sunday (TradingView 77,981), down about 2.9 percent from last Sunday's 80,345. TradingView put the one-week change at -4.44 percent. Friday's session printed lows near 76,300. Ether holds near 2,268 dollars live (TradingView 2,267.5), down about 2.1 percent from last Sunday's 2,316, with a one-week change of -5.31 percent. US spot Bitcoin ETFs posted 643 million dollars of net outflows on Friday (SoSoValue). Ether funds lost about 431 million dollars on the week. BTC bullish trigger: a reclaim of 78,300 dollars. Bearish trigger: a slip through about 76,300, then 75,500.
- Bitcoin ~$77,981 (live), down ~2.9% from last Sunday; TV 1-week -4.44%; Friday ETF outflows $643M
- Ether ~$2,268 (live), about -2.1% from last Sunday; TV 1-week -5.31%
- Binance withdrawals resumed in phases from 06:00 UTC; BTC bullish trigger: reclaim $78,300; bearish: $76,300 then $75,500
The Week Ahead: Apple, Midterms, Then the Bank of England
Cash reopens Monday at 14:30 UTC. Gold and oil resume electronic hours Sunday evening. These are scenarios for next week, not instructions. Docket: calendar.
- Monday, November 2: ISM manufacturing at 15:00 UTC. Apple reports after the US close at about 21:30 UTC, with the call at 22:00 UTC. Palantir reports the same evening.
- Tuesday, November 3: US midterm elections. AMD reports after the close. JOLTS prints in the US morning.
- Wednesday, November 4: ADP employment and ISM services. Uber reports before the open.
- Thursday, November 5: Bank of England decision, plus US weekly jobless claims.
- Friday, November 6: October US jobs report at 13:30 UTC.
Traders watching 7,580.07 as the cash reference. Bullish trigger: a reclaim of Thursday's 7,720.39 then 7,732.21. Bearish trigger: a slide through Friday's 7,527.56 low.
- Monday: ISM manufacturing; Apple and Palantir after the close (Apple about 21:30 UTC)
- Tuesday: US midterms and AMD after the close; Thursday: Bank of England; Friday: October jobs
- S&P bullish trigger: reclaim 7,720.39 then 7,732.21; bearish: 7,527.56. Cash reopens Monday 14:30 UTC
ThriveInMarkets publishes market commentary for general information only and does not provide personal investment advice. Equity, gold and WTI figures are Friday closes for October 30, 2026. Equities reopen Monday. Bitcoin and Ether are live as of 10:07 UTC on November 1, 2026. Levels cited are observations, not instructions to buy or sell any asset.