Nine Strait of Hormuz attacks in October pushed Brent crude to $105.21 a barrel on October 8, pulling the S&P 500 back from its record close of 7,818 and sending Bitcoin down 2.7% to $82,347.
Category: Markets
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Bitcoin Falls Below $84,000 as Iran Tanker Attacks Push Oil Above $101
A surge in Iranian attacks on tankers in the Strait of Hormuz drove Brent crude above $101 a barrel, triggering $547 million in crypto liquidations and dragging Bitcoin to a two-week low near $83,000.
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Nasdaq Hits Record 27,477 Even as 10-Year Treasury Yield Climbs to 5.31%
The Nasdaq Composite closed at an all-time high of 27,477 on October 4 despite the 10-year Treasury yield reaching its highest level since April 2002, as AI earnings growth overrode the conventional bond-market warning to growth stocks.
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Nikkei Surges 3.3% to 68,956 as Micron’s AI Memory Outlook Ignites Japan’s Chip Stocks
Japan’s benchmark index posted its best session in six weeks on Tuesday, led by a wave of buying in semiconductor-linked stocks after Micron Technology raised long-term customer commitments to $32 billion from $22 billion in June.
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OPEC+ Freezes November Output as Middle East War Keeps Production Below Quota
OPEC+ froze November output targets on October 4, pausing months of quota hikes as Middle East war keeps members’ actual output well below official levels.
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Gold Slips to $4,140 as Weak Payrolls Fail to Offset Rising Yields
Gold fell 0.9 percent to $4,140 on Friday after September’s 29,000 payrolls print failed to hold yields lower, with the 10-year Treasury climbing back toward 5.26 percent and the dollar near a 17-month high.
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Stocks Rally and Treasury Yields Fall as Weak Jobs Data Dims Fed Hike Odds
US equity futures climbed 0.8–1.2% on October 2 after September payrolls missed badly at 29,000, sending the 10-year Treasury yield back toward 5.18% and lifting Fed rate-hold odds to roughly 72%.
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Micron’s Q4 Revenue Surges 379% to $54 Billion as AI Memory Demand Hits Record
Micron Technology posted $54.23 billion in fiscal Q4 revenue, up 379% year-on-year, as AI-driven demand for high-bandwidth memory set a new company record and beat analyst estimates by $4 billion.
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Smart Ring Maker Oura Pulls Its $2.2 Billion Nasdaq IPO at the Last Minute
Oura postponed its Nasdaq listing one day before shares were to begin trading, despite the IPO being four times oversubscribed, citing market uncertainty in a chilled IPO environment.
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WTI Crude Slips Below $90 as Middle East Export Routes Recover
WTI crude fell to $88.50 on September 30 as Middle East exports hit 98% of pre-war levels via pipeline rerouting, though Iran diplomacy uncertainty keeps oil on edge.