Bitget UEX Daily Report | Nasdaq Leads Tech Rally; Consumer Confidence Rebounds; Federal Reserve Decision Approaching (October 28, 2026)

1. Selected Hot News

U.S. Economy | Core Capital Goods Orders Increase, Equipment Investment Remains Resilient

In September, U.S. non-defense capital goods orders excluding aircraft rose 0.5% month-on-month, with related shipments increasing by 1.2%. Orders reflect future demand, while shipments are more directly linked to current equipment investment.

Market Impact: Business investment remains supported, benefiting revenue expectations for industrial equipment and some tech supply chains; however, this cannot be used to infer that demand is improving across all sectors. Future observations are needed to see if order growth can translate into sustained shipments and cash inflows.

Consumer Sentiment | October Consumer Confidence Rises to 91.7

The Conference Board reported that the U.S. consumer confidence index rose to 91.7 in October, up from a revised 84.2 in September. The expectations index stands at 72.6, indicating an overall warming of sentiment, but future assessments remain relatively cautious.

Market Impact: Improved confidence helps alleviate concerns about a rapid decline in consumption. For retail, travel, and consumer finance, the next steps will depend on actual spending and repayment performance; sentiment data alone does not equate to accelerated consumption.

Monetary Policy | Federal Reserve Decision and Tech Earnings Enter Intensive Window

The Federal Reserve's meeting is scheduled from October 27 to 28, U.S. time, with the decision to be announced at 02:00 Beijing time on October 29, followed by a press conference at 02:30. Microsoft and Alphabet will also disclose their earnings after the market closes on October 28, U.S. time.

Market Impact: The interest rate path and AI investment returns will be tested simultaneously. The market will not only focus on policy decisions but also compare the consistency between central bank statements, cloud business growth, capital expenditures, and free cash flow.

2. Market Review

Commodity and Forex Performance

Oil prices remain at high levels, and the impact of energy costs on inflation and corporate profit margins warrants ongoing attention. U.S. Treasury yields are nearing 5%, indicating that even if tech stocks rise, valuations remain sensitive to interest rate signals; gold must also be monitored alongside changes in the U.S. dollar and real interest rates. The above is a snapshot of quotes and should not be used to determine the direction of daily price movements.

Cryptocurrency Performance

• BTC : Approximately 80,683.13 USDT, up 0.50% in 24 hours.
• ETH : Approximately 2,344.60 USDT, up 0.63% in 24 hours.
• Total Cryptocurrency Market Cap: Approximately 2.72 trillion USD, down 2.00% in 24 hours; this update was at 09:01 Beijing time.

BTC | Liquidation Zone Observation

The upper potential liquidation zone for shorts is around 81,200---81,700 USD, approximately 0.77%---1.39% away from the current price; the lower potential liquidation zone for longs is around 78,700---79,300 USD, approximately 1.59%---2.34% away. Currently, it is closer to the upper zone, and if the price continues to rise, attention should be paid to the volatility caused by short leverage unwinding.

ETH | Liquidation Zone Observation

The upper potential liquidation zone for shorts is around 2,365---2,380 USD, approximately 1.00%---1.64% away; the lower potential liquidation zone for longs is around 2,275---2,305 USD, approximately 1.57%---2.85% away. The upper end is closer, but proximity to the liquidation zone itself does not confirm the direction of a breakout.

Institutional Holding Cost | BTC

Glassnode reported on October 21, tracking the comprehensive cost estimate for corporate BTC treasury as approximately 80,200 USD as of October 19, with the current coin price about 0.48% higher. Strategy disclosed on October 26 that as of October 25, it held 848,517 BTC, with an average cost including fees of approximately 75,446 USD, and the current coin price is about 6.81% higher than its cost; these ratios only indicate the unleveraged difference between coin price and holding cost.

Market Summary

BTC should first observe the performance between the cost reference near 80,200 USD and the liquidation zone above 81,200 USD; if it falls back below the cost, then focus on the potential long liquidation zone of 78,700---79,300 USD. The cost reference is closer to the lower zone, but does not constitute a validated support; ETH should focus on whether transactions can continue near 2,365---2,380 USD.

U.S. Major Index Performance

The Nasdaq clearly leads, while the Dow Jones is close to flat, indicating that this round of gains is more pronounced in the tech and growth sectors. With policy and earnings reports approaching, future observations are needed to see if the upward trend can extend to more industries.

Performance of the Tech Giants

The seven giants collectively had 5 up and 2 down, with Tesla leading in gains, while Meta retreated. With Microsoft and Alphabet's earnings approaching, the profitability of cloud service growth and AI investments will become important observation points for the next round of differentiation.

Sector Movement Observation

Fintech: SoFi rose 13.42%, disclosing quarterly results and raising full-year guidance. Market focus is shifting from user growth to profitability and business monetization.

Logistics and Transportation: UPS rose 5.75%, with quarterly results providing a window into pricing, business structure, and operational efficiency, still needing to differentiate between revenue growth and actual shipping volume changes.

Crypto-Related Stocks: Coinbase rose 0.93%, and Strategy rose 1.13%. Individual stock closing performance differs from the snapshot of crypto assets traded throughout the day and cannot be directly viewed as a synchronous response.

3. In-Depth Analysis of Key U.S. Stocks

SoFi | Profit Growth Drives Business Realization Expectations

Event Overview: SoFi announced its third-quarter results on October 27, closing at 16.40 USD, up 13.42%. Adjusted net revenue for the quarter was approximately 1.4 billion USD, a year-on-year increase of 44%; GAAP net profit was approximately 241 million USD, and the company raised its full-year guidance.

Market Interpretation: Revenue expansion and sustained profitability jointly improved the visibility of business realization. Whether the stock price can maintain its strength going forward depends on the quality of growth and whether credit costs can remain aligned.

Investment Insights: Focus on the revenue contribution from new users, loan performance, and guidance execution progress. Quarterly growth rates cannot be directly extrapolated as growth rates for all future quarters.

UPS | Post-Earnings Rise, Focus on Unit Revenue and Efficiency

Event Overview: UPS released its third-quarter results on October 27, with the stock price closing at 106.09 USD, up 5.75%. Quarterly revenue was 22.9 billion USD, with adjusted earnings per share of 1.69 USD; U.S. business revenue per package increased by 6.1% year-on-year.

Market Interpretation: Improvement in unit revenue helps buffer operational cost pressures, but its contribution may come from pricing and business mix. Whether revenue improvement is accompanied by a recovery in package demand still needs to be verified separately.

Investment Insights: Future focus on peak season shipping volume, adjusted profit margins, and cash flow realization to assess whether performance improvement is sustainable.

Robinhood | Post-Earnings Report Shows Revenue Growth, Crypto Business Under Pressure

Event Overview: Robinhood disclosed its third-quarter results after the market closed on October 27: net revenue was 1.42 billion USD, a year-on-year increase of 12%; cryptocurrency revenue was 120 million USD, a year-on-year decrease of 55%; GAAP net profit was 476 million USD, a year-on-year decrease of 14%.

Market Interpretation: Total revenue growth coexists with weakening crypto business, reflecting support from other businesses for revenue. This announcement was made after regular market hours and cannot be explained by the regular trading performance of the day.

Investment Insights: Focus on whether crypto trading activity can recover, and whether new business growth can cover cost and profit pressures.

4. Market and Project Dynamics

Broadcom Related AI Financing | 63 Billion USD Structure Supports Future Computing Power Deployment

Bank of America, Blackstone, Citigroup, and Morgan Stanley announced a 63 billion USD financing deal on October 26, establishing a new SPV to purchase Broadcom's XPU accelerators and network solutions, leasing them to Anthropic, with deliveries expected to start in 2027.

This arrangement enhances the financing visibility for future computing power deployment, but the scale of financing does not equate to confirmed revenue. Future tracking should follow the impact of delivery, customer usage, and residual value support arrangements on risk allocation.

Robinhood International Expansion | Dubai Operations Authorized, Plans to Launch in 2027

Robinhood disclosed that it has obtained authorization from the Dubai Financial Services Authority, covering trading and custody of ten categories of approved assets, including stocks and crypto assets, with plans to gradually launch products in 2027.

Regulatory access creates conditions for regional expansion, but actual revenue contribution still depends on the progress of product launches, customer acquisition, and local operations.

5. Today's Market Calendar

The table below covers important events during tonight's U.S. stock trading session and their continuation into the early hours of tomorrow Beijing time. Attention levels are assessed by the editor.

Key Event Outlook: First, observe the Federal Reserve's judgments on growth, inflation, and subsequent policies, then see if tech earnings can provide sufficient profit growth to absorb financing costs and capital expenditures. For crypto assets, observe whether key liquidation zones change before and after macro news announcements.

Institutional Views: A survey by the Conference Board on October 27 shows that while confidence is rebounding, consumers remain concerned about inflation and plan to reduce spending on certain services and durable goods over the next six months. This suggests that the market should separately validate emotional recovery and actual demand improvement.

This article provides market information and research observations and does not constitute investment advice.