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All three major indexes closed higher on October 26. Anthropic formally filed for a listing, rekindling AI speculation; the Philadelphia Semiconductor Index rose about 3% on the day, and Tesla reached a more-than-three-month high. Bitcoin was near $80,200, down for three consecutive weeks and testing $80,000 for a third time. Local assets plunged after the election result. The October 27 focus is the opening of the Federal Reserve meeting and earnings from Visa, PayPal and others.
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Oil Pulls Back After Last Week’s Rally. What Does It Mean for Bitcoin and Stocks?
Oil gave back some of its recent gains on Monday. For Bitcoin and stock traders, that does not settle the bigger question: will energy costs stay high enough to complicate inflation, company profits and the outlook for interest rates?
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