3,270 public, source-attributed analyses archived for October 2026. Dates use UTC. Each article links to the originating publisher. News summaries and sentiment are automated, not independent reporting or predictions about future prices.
Polymarket has expanded its Chainlink partnership, making Chainlink the official oracle for its 15-minute gold and silver markets beyond crypto. The expanded integration is now live for precious metals, with additional commodities, equities, and forex markets planned next. Broader adoption could increase Chainlink network usage and strengthen LINK's utility narrative, although no changes to its token economics have been announced.
A Seeking Alpha analyst is forecasting a potential year-end bull run in U.S. equities despite the ongoing selloff in technology and AI-related stocks.
The analyst points to declining Treasury yields and a weakening U.S. dollar as potential tailwinds, while the Nasdaq remains above its critical 200-day moving average despite recent losses.
Easing yields and resilient high-beta assets could support an equity recovery into year-end, although the rally remains a forecast rather than a confirmed reversal.
India's diesel exports surged to a 13-month high in October as refiners capitalised on global fuel supply disruptions linked to the Iran war and Russia-Ukraine conflict.
India shipped an average of 710,000 barrels per day between October 1 and 29, up 19.6% from September, with Reliance Industries accounting for nearly 78% of exports.
Continued disruptions to Russian and West Asian fuel supplies could sustain elevated diesel exports and support refining margins for Indian refiners.
Canada’s TSX Composite plunged 1.74% on Friday, marking its steepest daily decline since June 5 as falling gold prices and concerns over AI spending weighed on equities.
The materials sector dropped 4.8% as gold fell 3.5% to a one-year low, while technology shares lost 3% and Shopify declined 6.2%; the index closed at 35,620.03.
Continued uncertainty over AI-related earnings growth, weakening economic data and expectations of further Bank of Canada rate hikes could keep pressure on Canadian equities.
European equities outperformed U.S. stocks in October as concerns over returns on heavy AI spending prompted a shift toward more defensive sectors. On October 31, the STOXX Europe 600 closed down 0.4%, trimming its October gain to about 2%.
Healthcare and food-and-beverage shares led in Europe, while technology and mining stocks lagged. The relative resilience came as global equities sold off and disappointing results from Amazon and Intel renewed scrutiny of large AI-related capital expenditures.
Asian markets also declined, with South Korea's Kospi, viewed as a gauge of AI-trade sentiment, falling 3.5%. A UBS basket of European AI beneficiaries dropped 4.9%.
The STOXX Europe 600 was set to outperform the S&P 500 for October, with the U.S. index pressured by its heavier technology weighting. Investors shifted toward defensive European sectors during the month, while banks and basic resources, which had performed strongly earlier in the year, lagged.
U.S. natural gas futures fell for a third consecutive week as exceptionally mild weather forecasts and expectations for a warmer-than-normal winter weighed on prices.
Nymex natural gas settled down 1.8% at $2.898 per mmBtu, extending its weekly loss to 5%, despite record LNG exports approaching 21 Bcf per day and tighter storage balances.
Continued mild weather could keep natural gas prices under pressure unless colder conditions emerge and strengthen heating demand.
U.S. Treasury yields recorded their steepest monthly declines in nearly three years, as a flight to safety drove a sharp October rally in government bonds.
The 10-year yield fell 36.4 basis points to 4.928%, its largest monthly drop since December 2023, while the two-year yield declined 30.6 basis points to 4.579%; the $6.3 billion Binance breach added to investor anxiety.
Treasury yields could face further pressure if demand for safe-haven assets persists and the upcoming refunding announcement signals a shift toward shorter-term borrowing.
CBOT wheat futures recorded a ninth consecutive weekly loss as expectations of increased Russian exports continued to pressure prices, despite strong US export demand and potential Chinese purchases.
Wheat has fallen more than 23% over nine weeks, while speculative funds have established record short positions and Russia has allowed grain export vessels to leave the Sea of Azov for the first time since July 10.
Potentially larger Black Sea supplies and persistent bearish positioning could keep wheat futures under pressure despite strong export demand.
Raw sugar futures gained 9.8% in October despite falling 0.6% on Friday, while robusta coffee declined 6% over the month amid improving supply conditions.
Excessive rainfall cut Brazil's center-south sugar production by 27.1% year over year in early October, while rising exchange stocks and Vietnam's harvest pressured robusta coffee.
Further rainfall in Brazil could tighten sugar supplies and support prices, while improving coffee availability may continue to weigh on robusta futures.
US soybean basis bids and offers at the Gulf Coast were mostly steady to higher as export demand continued to strengthen, supported by a pickup in shipments to China.
The USDA reported two soybean export sales totaling 297,150 metric tons for 2026/2027 delivery to unknown destinations, which analysts say may eventually be designated for China.
Sustained export demand could support US soybean prices and strengthen agricultural market fundamentals if Chinese buying continues.
The U.S. oil and gas rig count remained unchanged at 603 for the third consecutive week, signaling a pause in overall drilling activity despite higher levels than a year ago. Oil rigs increased by 2 to 462, while gas rigs declined by 2 to 130, leaving the total unchanged and 10.4% above last year's level. Sustained drilling activity could support U.S. production capacity and weigh on crude oil prices if supply continues expanding.
CBOT wheat futures closed lower, extending their losing streak to nine consecutive weeks as expectations of increased Russian exports continued to pressure prices.
The most-active contract fell more than 3% this week and over 23% in nine weeks, despite strong US demand and reports that Chinese buyers were seeking US wheat offers.
A sizable managed-fund net short position could leave wheat vulnerable to further declines while creating potential for a short-covering rebound.
The $6.3 billion Binance hack has reignited concerns over crypto cybersecurity, highlighting the risks of irreversible transactions and vulnerable exchange infrastructure.
Binance says it will cover customer losses, while major U.S. Bitcoin ETFs were not directly affected; analysts also expect Wall Street's tokenization plans to continue despite the breach.
The incident could create short-term selling pressure and increase demand for stronger custody protections, while accelerating calls for clearer crypto regulation.
Crypto's biggest issuers froze nearly $3 billion in assets stolen during the $6.3 billion Binance hack, but experts warn that freezing funds does not guarantee their recovery.
Tether froze more than $1.56 billion in USDT, Circle blocked approximately $823 million in USDC, and Binance said it had frozen roughly $3 billion while setting aside over $6.34 billion in reserves.
Uncertainty over legal ownership, recovery procedures and unequal treatment of smaller victims could intensify scrutiny of centralized stablecoin issuers and crypto security controls.
U.S. grain futures ended October mostly lower or flat, with corn falling 0.8% to $4.47¾ per bushel as traders continued searching for stronger demand signals.
Soybeans settled little changed at $12.34¼, while wheat ended near $6.03¼; the USDA also reported two new soybean export sales totaling 297,150 metric tons.
Potential harvest delays from Midwest rainfall and unfavorable Brazilian weather could tighten supply and provide support for grain prices, although demand uncertainty remains a key headwind.
U.S. grain futures ended the month mostly flat to lower, with December corn falling 0.8% to $4.47¾ per bushel while soybeans and wheat finished little changed.
The USDA reported two new soybean export flash sales totaling 297,150 metric tons, while strong harvest reports and favorable South American growing conditions have weighed on market sentiment; potential Midwest harvest delays and Brazilian weather risks remain in focus.
Fresh export demand or weather disruptions in key growing regions could support grain prices, while favorable South American conditions may continue to pressure the market.
The 10-year U.S. Treasury yield fell 6 basis points to 4.929%, its lowest level in well over a month, as Treasury prices rallied for a second consecutive session.
The move came amid a sharp Wall Street sell-off, with the Nasdaq plunging 3.5% and Intel tumbling 31% after disappointing fourth-quarter guidance, despite better-than-expected third-quarter earnings.
Continued demand for safe-haven Treasuries could support bond prices and put further downward pressure on yields if equity-market weakness persists.
Wall Street sold off sharply as disappointing corporate results and concerns over expensive AI investments hit technology stocks, with the Nasdaq falling 2.3% and the Dow losing 0.4%.
Intel plunged 29% after its quarterly performance and outlook missed expectations, while Amazon fell 2.4% despite faster AWS expansion; the S&P 500 dropped 1% and Treasury yields climbed.
Continued earnings disappointment and rising infrastructure costs could intensify pressure on technology and semiconductor stocks.
ICE canola futures rebounded on Friday, halting a multi-session decline as strength in crude oil and competing vegetable oils lifted prices.
January canola gained C$4.90 to C$788.00 per tonne, while cumulative Canadian exports approached 1.89 million tonnes, up from 1.23 million a year earlier.
Rising crude oil prices and stronger vegetable oils could provide further support for canola futures, although technical weakness may limit gains.
CBOT soybean futures ended mixed on Friday, extending their losing streak to a third consecutive week despite bargain-buying and signs of export demand.
November soybeans gained 2.5 cents to $12.22-1/4 per bushel, while January soybeans slipped 0.5 cent; USDA reported two export sales totaling 297,150 metric tons for 2026/27 delivery.
Continued weekly losses and weakening deferred contracts could keep pressure on soybean futures despite improving export demand.
The Nasdaq 100 has pulled back 10% from its October high and is nearing correction territory. The retreat comes as mega-cap growth loses momentum, refocusing market scrutiny on AI valuations and sensitivity to interest rates.
The key question is whether selling broadens beyond the current weakness. Market participants are watching index breadth, earnings guidance and rates for signs of either a reset or deeper de-risking. The directly affected market is the Nasdaq 100 (NAS100), which is heavily associated with mega-cap growth and technology exposure.
ICE canola futures rebounded on Friday, ending a multi-session decline as strength in crude oil and competing vegetable oils supported prices, with January canola gaining C$4.90 to C$788 per tonne.
Gains in Chicago soybeans and soyoil, Malaysian palm oil and European rapeseed helped lift canola, while Canadian exports reached nearly 1.89 million tonnes, up from 1.23 million a year earlier.
Continued strength in crude oil and competing vegetable oils could support further canola recovery, although prices remain below most major moving averages.
CBOT corn futures extended their losing streak to five consecutive weeks, with the most-active contract falling 1.81% this week and 15.2% over five weeks.
Growing U.S. harvest supplies and fund liquidation pressured prices, while the U.S. corn harvest was reported 60% complete.
Continued harvest progress and ample supply could keep pressure on corn futures, although wet weather may slow harvesting in the near term.
U.S. hard red winter wheat basis bids remained steady as 2027 crop planting progressed, while futures fell amid expectations of increased Russian exports.
K.C. December HRW wheat futures settled 10 cents lower at $6.44¼ per bushel, while Russia's reopening of Sea of Azov grain export routes improved global supply prospects.
Continued Russian export competition and improving Black Sea supply could keep wheat prices under pressure despite strong U.S. demand and potential Chinese purchases.
Grain markets face uncertainty as Brazilian weather risks threaten soybean production, while a strong V-shaped recovery remains unlikely without substantial Chinese grain purchases from the U.S.
AgResource highlights potential El Niño-related rainfall disruptions in Brazil during November-December, while Argentine soil moisture and planting conditions remain favorable.
Uncertainty over Brazilian crop conditions could support corn, wheat and soybean prices if supply risks intensify.
Chile's Cochilco has sharply cut its 2026 copper production forecast, now expecting output to decline 8.4% to 4.94 million metric tons as mining disruptions weigh on supply.
The commission also reduced its 2027 recovery forecast to 3%, while raising its average copper price projections to $6.18 per pound for 2026 and $5.95 for 2027.
Tighter Chilean mine supply and limited capacity in the refined copper market could support elevated copper prices and intensify global supply concerns.
U.S. equity volatility jumped sharply, with the VIX up 36.5% intraday at 23.52, marking its highest intraday level since April.
Semiconductors led the selloff: the Philadelphia Semiconductor Index fell 1,053.994 points, or 9.15%. The Nasdaq 100 dropped 1,270 points, or 4.3%, while the Nasdaq declined 968.73 points, or 3.7%.
The S&P 500 was down 2.4%, and the Dow Jones Industrial Average fell 737 points, or 1.4%. The move places SOXX, SMH, NAS100 and SPX500 in focus as volatility and chip-sector weakness remain key market signals.
The Nasdaq 100 decline widened to 4%, led by sharp losses across semiconductor, AI infrastructure and software-linked stocks.
Intel fell 31%, while SanDisk declined 15.1% and ALAB dropped 13.6%. Marvell Technology, Qualcomm, Arm Holdings, Datadog, AMD, Nebius, CoreWeave and Lumentum were each down more than 10%.
The move reflects broad pressure across high-beta technology segments rather than weakness confined to a single stock. The immediate market focus is whether selling remains concentrated in growth-oriented technology names or broadens further across the index.
The Nasdaq 100 extended its decline to 4% on October 31, reaching a new intraday low, while the Philadelphia Semiconductor Index fell 8.7%.
The move was broad across semiconductor stocks. Intel was down 30.8%, SanDisk fell 15%, and AMD, Qualcomm and Arm each dropped 12%. Seagate Technology was down more than 9%; Western Digital and Applied Materials were down more than 8%; Cerebras, ASML and Lam Research were down more than 7%; and TSMC and Broadcom were down more than 6%.
The source describes a semiconductor-led risk-off move spanning chip designers, memory companies and equipment makers, with attention on whether weakness remains concentrated in AI and semiconductor exposure or extends across the wider growth complex.
Dallas Fed President Lorie Logan said the Federal Reserve needs at least two more interest-rate increases of 25 basis points each, according to Reuters.
Logan said the current 3.75%-4.00% policy-rate range is not sufficiently restrictive to bring inflation back to the Fed's 2% target, calling failure to return inflation to target “unacceptable.” She said skipping a meeting would not change the ultimate policy objective, and that a cumulative 50bp increase followed by a pause could allow policymakers to assess subsequent action.
The remarks came after the Federal Reserve held rates unchanged this week in a 10-2 vote. Logan, a 2026 FOMC voter and president of the Dallas Fed, voted in favor of maintaining rates.
Binance is dealing with a record $6.3 billion security breach, triggering emergency recovery efforts as the exchange commits company funds and SAFU reserves to cover affected assets.
Approximately $3 billion in assets have been frozen, Coinbase, Tether and Circle have assisted recovery efforts, and Binance reserved $6.34 billion to restore affected cryptocurrencies in their original tokens.
The unprecedented breach could intensify selling pressure across crypto markets and increase scrutiny of centralized exchange security and counterparty risks.
Expected rainfall across much of the Midwest could slow the final stages of the US soybean and corn harvest, potentially pushing combines out of the fields over the weekend and early next week.
StoneX's Mike Castle says recent soybean harvest progress has come partly at the expense of corn, while sharply lower prices are reducing farmers' incentive to sell.
Further harvest delays combined with weaker farmer selling could tighten near-term cash market supplies and potentially support corn and soybean prices.
Tether reduced the gold backing its USDT reserves by 3.4 metric tons in Q3, bringing total holdings to 142.8 tons at the end of September, marking its first reduction since becoming a major gold buyer last year.
Gold accounted for approximately $19 billion, or 10% of USDT reserves, while US Treasury bills represented the dominant $123 billion allocation; Tether did not disclose the reason for the reduction.
The reserve shift could raise questions about Tether's asset allocation strategy and potentially increase scrutiny of its stablecoin backing.
Dallas Fed President Logan said the Federal Reserve may need at least two additional 25-basis-point rate increases, totaling 50 basis points, before pausing to assess economic and financial conditions.
Logan supported holding the federal funds target range at 3.75%-4.00% in a 10-2 Fed vote this week. She said policy rates need to move further into restrictive territory to return inflation to the Fed's 2% target.
She said a skipped meeting would not alter the ultimate policy objective, framing a pause as an assessment rather than a pivot. Logan cited technology investment prospects and geopolitical conditions as factors contributing to financial-market volatility, while arguing that gradual policy adjustments can help households, businesses and market participants adapt to higher rates.
European wheat futures edged higher on Friday but still recorded a 2.5% weekly loss amid expectations of increased Russian supply.
December Paris wheat rose 0.3% to €227.75 per ton, while the European Commission cut its 2026/27 EU soft wheat production forecast to 123.7 million tons and reduced projected ending stocks to 10.6 million tons.
Lower EU production and stock forecasts could provide support for wheat prices, although rebuilding Russian exports and cheaper Argentine supplies may limit further gains.
European markets closed mixed on Friday, with higher oil prices, weak technology stocks and disappointing corporate earnings weighing on investor sentiment.
The Stoxx 600 fell 0.36%, while Brent crude climbed above $114 per barrel, and Germany's GDP growth exceeded expectations even as French GDP contracted 0.1%.
Rising energy costs and renewed inflation concerns could intensify pressure on European equities and broader risk sentiment.
Tether's USDT reserves now hold $8.37 billion in Bitcoin, exceeding the $7.95 billion excess reserve cushion protecting holders against potential shortfalls. Tether reported $4.5 billion in net operating profit over the first nine months of 2026, while gold and Bitcoin together account for $27.45 billion in reserves, with a combined 29% decline potentially wiping out the entire cushion. Growing exposure to volatile assets could increase concerns about USDT's reserve stability and confidence in the world's largest stablecoin.
Aerodrome Finance has activated its SlipstreamV3 MEV tax on select pools on OP Mainnet, directing captured MEV value to liquidity providers and sAERO holders. The pilot launches with conservative parameters and is designed to collect data and optimize before potentially expanding to additional pools and chains. Broader deployment could increase value capture for AERO ecosystem participants and strengthen incentives for liquidity providers and sAERO holders.
Ronin is requiring users of Waypoint, keyless wallets, and social login to migrate their assets before October 31, 2026, or risk losing access to their accounts. Users can transfer holdings through an automated migration to Ronin Stash or manually move them to Ronin Wallet, with the Grace Period marking the final migration stage. The impending shutdown could create urgency for affected users and increase short-term migration activity across the Ronin ecosystem.
West African crude differentials ended the week largely unchanged as increased Chinese buying helped cushion pressure from elevated freight rates. November cargo overhang remains a concern, while Nigerian exports of four key crude grades are expected to rise to 888,000 bpd in December from 874,000 bpd in November. The combination of additional supply and uncleared cargoes could continue weighing on West African crude differentials despite stronger Chinese demand.
U.S. energy firms kept the combined oil and gas rig count unchanged at 603 for a third consecutive week, signaling stable drilling activity.
Oil rigs increased by two to 462, their highest level since early October, while gas rigs declined by two to 130, their lowest since early September.
Higher expected WTI prices and growing energy demand could support increased U.S. production, although drilling activity remains unchanged.
Gold plunged 3.26% to $3,900.10 per ounce as rising oil prices, escalating U.S.-Iran tensions and stronger inflation reinforced expectations of prolonged monetary tightening.
Silver fell 6.05% to $49.21, while WTI crude climbed 2.79% to $104.85 as energy supply concerns intensified inflation pressures and rate-hike expectations.
Sustained energy-driven inflation and higher interest rates could continue pressuring non-yielding precious metals, particularly gold and silver.
Dallas Fed President Logan, a 2026 FOMC voting member, said she still expects the Federal Open Market Committee to implement at least two more interest-rate increases of 25 basis points each.
In prepared remarks for an event in Davidson, North Carolina, Logan said skipping a meeting would not change the endpoint for monetary policy. She said the Fed can move gradually to help households, businesses and markets adapt to higher rates.
After the two hikes she expects, Logan said the FOMC should pause and assess economic and financial developments to determine whether further tightening is needed. She said the goal is to place policy at a moderately restrictive level to sustainably achieve maximum employment and price stability.
Eli Lilly exceeded Q3 estimates, driven by growth in Mounjaro and Zepbound. Analysts raised price targets after the results, and the company lifted its 2026 revenue guidance to $92 billion. The updated outlook and demand for both medicines are the main catalysts analysts cite for further stock upside.
BNB faces significant short-term uncertainty from a reported $6.3 billion Binance exploit, while an extremely speculative institutional adoption scenario projects a potential surge to $2,800–$4,500 by January 1, 2027. TRM Labs linked the record-breaking hack to North Korea's TraderTraitor group, while Binance pledged to cover user losses and approximately $3 billion in funds has reportedly been frozen. Despite the potential long-term upside from institutional RWA tokenization, the exploit could intensify selling pressure and undermine confidence in the Binance ecosystem.
Nebius Group NV (NASDAQ: NBIS) shares are falling Friday after earnings reports from Amazon and Intel raised questions about cloud and AI infrastructure spending. The development shifts attention to demand expectations for AI infrastructure providers and related cloud spending. Amazon, Intel and Microsoft are among stocks tied to the cloud and AI infrastructure narrative.
KLA reported strong fiscal first-quarter results and issued a positive outlook, but its shares fell as renewed concerns about AI investment weighed on semiconductor stocks. The move reflects a broader sector reaction to scrutiny of AI-related spending, even as KLA cited AI demand as a growth driver.
Intel expects to lose $600 million in revenue after a deadly blast at its factory in Israel. The company said the full financial impact remains uncertain, including how much it may recover through insurance. The incident creates new operational and financial uncertainty for Intel, and the final cost will depend on factors the company has not yet quantified.
Rivian shares rose after the company beat earnings expectations, raised its delivery forecast and emphasized autonomy initiatives. The update also highlighted Rivian's growth efforts with Volkswagen and Uber. Despite bearish technical signals, the earnings beat, improved delivery outlook and autonomy focus were cited as catalysts for the stock's gain.
Tether reduced the gold backing its USDT reserves by 3.4 metric tons in the third quarter, marking its first reported reduction since becoming a significant gold buyer last year.
Gold holdings fell to 142.8 metric tons by the end of September, while USDT had approximately $180 billion in circulation.
The reduction could raise questions about changes in Tether's reserve allocation and its future demand for gold.
Bitcoin's potential quantum-computing vulnerability is emerging as an institutional investment concern, with Stacks founder Muneeb Ali warning that the network has only a few years to establish a credible quantum-resistant upgrade roadmap.
Ali says meaningful progress is needed by 2028, with the security transition targeted for completion by 2030, while Bitcoin spot ETFs already hold more than $104 billion in net assets.
Failure to address quantum-related uncertainty could weaken institutional confidence in Bitcoin and create broader security concerns across the cryptocurrency market.
U.S. law enforcement is investigating the reported $6.3 billion Binance hack, with the Secret Service working alongside private-sector partners to trace, freeze and recover stolen funds.
Circle is among the companies assisting the investigation, while Binance says users will suffer no losses and that withdrawals are expected to resume within 42 hours.
The involvement of U.S. authorities could improve fund-recovery prospects, but the unprecedented breach and widespread declines in crypto-related stocks could intensify market-wide concerns about crypto security.
Gold and silver suffered sharp sell-offs, with GLD hitting a fresh 52-week low and SLV falling to its lowest level in more than 11 months as inflation fears and rising rate-hike expectations pressured precious metals.
Spot gold dropped 3% to $3,897.17 per ounce, while silver plunged more than 6% to $49.08, breaking below $50 for the first time since November 2025; December rate-hike odds climbed to 73%.
Despite the bearish momentum, Peter Brandt sees long-investor capitulation as a potential early sign of a bottom, suggesting precious metals could approach a reversal if selling pressure exhausts itself.
The Philadelphia Semiconductor Index fell more than 8%, led by a 30.09% decline in Intel. The selloff extended across chip designers, memory, foundry and semiconductor-equipment names.
AMD fell 11.53% and Qualcomm declined 11.55%. Nvidia dropped 4.52%, Broadcom lost 6.19%, Micron fell 6.01%, Taiwan Semiconductor declined 6.08%, and ASML dropped 6.44%.
The move spans key parts of the semiconductor complex, including AI-related chips, memory, foundry production and equipment. The immediate market focus is whether the broad semiconductor weakness stabilizes or spreads to adjacent technology and hardware themes.
ChowChow Cloud Intl (AMEX: CHOW) shares rose 128.2% to $4.86 during Friday's regular trading session. The market value of its outstanding shares was reported at $7.5 million.
The move placed ChowChow Cloud Intl among information technology stocks gaining during the session. The supplied source does not provide a catalyst for the share-price increase, trading volume, or other market activity details.
Gold is trading just below $4,000 an ounce after surrendering a year's gains, with Capital Economics warning that further losses could follow.
A hawkish Federal Reserve shift and forecasts for two additional rate hikes threaten to pressure the metal, while Capital Economics also expects a possible AI equity bubble burst next year.
Capital Economics forecasts gold falling to $3,600 by the end of 2027, suggesting further downside risk if tighter monetary policy and equity-market stress weigh on demand.
US sugar futures slipped to around 19.3 cents per pound, approaching a one-month low as a weaker Brazilian real increased export competitiveness and weighed on prices.
Brazilian sugarcane crushing and production declined in the first half of October as heavy rainfall disrupted harvesting, while lower production prospects in India and reduced European planting added to global supply concerns.
Further rainfall could deepen Brazilian production disruptions and tighten global sugar availability, potentially limiting downside pressure on futures.
Intel and 10 other chip stocks, including Cerebras and Marvell, have lost more than 20% in October, while the iShares Semiconductor ETF (SOXX) is down 16.5%.
Despite the October declines, 10 of the 11 chip stocks remain higher for 2026. The pullback spans semiconductor names including Intel, Lam Research, Tower Semiconductor, Applied Materials, Marvell and Credo.
Markets are heading into a major catalyst-packed week, with US midterm elections, a critical jobs report, central bank decisions and geopolitical tensions driving investor attention.
Apple, AMD, Palantir and Uber headline the upcoming earnings calendar, while OPEC production signals and US employment data could influence market expectations.
Unexpected economic data, election developments or monetary policy decisions could trigger significant volatility across equities, currencies, commodities and crypto markets.
Precious metals suffered a sharp selloff as gold hit a one-year low and silver, platinum and palladium plunged into deeply oversold territory amid broader technology stock turmoil.
Gold fell 3.1% to $3,897, while silver dropped 6% below $50 for the first time in 11 months and palladium slipped below $1,000.
Persistent selling, weakening industrial demand and higher-for-longer interest rate expectations could extend downside pressure, although oversold conditions and potential central bank demand below $4,000 may support a recovery in gold.