Market Pulse

Index	Last Week	1-Month (Trailing)	YTD
DJIA	-0.9%	+1.7%	+7.7%
S&P 500	-0.6%	-0.9%	+10.7%
Nasdaq	-2.0%	-5.3%	+9.4%
Russell 2000	+1.3%	+0.5%	+13.3%
MSCI EAFE	+0.9%	-0.8%	+7.2%
MSCI EM	-0.7%	-8.1%	+12.5%
Bloomberg U.S. Agg	+0.8%	+2.4%	-0.5%
Bloomberg U.S. Corp HY	+0.3%	+0.3%	+0.4%

Data as of: Friday, October 30, 2026, at the 4:00 p.m. ET market close

See important disclosures below.

Weekly Recap

10/26/2026 - 10/30/2026

U.S. Economy

• Federal Reserve held rates steady amid persistent inflation

• Third-quarter economic growth exceeded expectations

Equity Market

• Technology shares weakened amid renewed AI spending concerns

• Small caps outperformed large-cap technology during the week

Bond Market

• Treasury yields declined despite resilient economic growth

• Fed policy expectations remained sensitive to incoming inflation data

Around the Globe

• European Central Bank held interest rates unchanged

• Bank of Japan maintained its policy rate

The Week Ahead…

11/2/2026 - 11/6/2026

• Mon

  • ISM Manufacturing PMI (Oct)

  • Earnings: Apple, Palantir

• Tue

  • JOLTS Job Openings (Sep)

  • Earnings: AMD, Pfizer, Shopify, Amgen, Arista

• Wed

  • ISM Services PMI (Oct)

  • Trade Balance (Sep)

  • Earnings: McDonald’s, Uber, Qualcomm, Arm, CVS

• Thu

  • Initial Jobless Claims

  • Earnings: Toyota, ConocoPhillips, Airbnb, Duke Energy, Cigna

• Fri

  • Nonfarm Payrolls (Oct)

  • Consumer Sentiment (Nov)

  • Earnings: Moderna, Humana, Brookfield, Vistra, Enbridge

Investors enter the new week with attention shifting from the Federal Reserve toward the health of the labor market. Following the Fed’s decision to leave rates unchanged, incoming employment data could play an important role in shaping expectations for the December meeting.

The economic calendar builds toward Friday’s October employment report, with September JOLTS data providing an earlier read on labor demand. ISM manufacturing and services surveys should offer additional perspective on underlying business activity. A resilient labor picture could keep upward pressure on rates, while softer readings may renew debate around the path of monetary policy.

Earnings season also remains active. Apple and Palantir report Monday, followed by Advanced Micro Devices Tuesday and several prominent consumer and technology companies Wednesday. With technology shares under pressure last week, corporate guidance and spending plans may influence whether market leadership broadens or volatility persists.

-Matt Shaw, CFA

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