| Name | Price | Change | % Chg |
|---|---|---|---|
| Dow | 47,544.59 | 337.47 | 0.71% |
| S&P 500 | 6,875.16 | 83.47 | 1.23% |
| Nasdaq | 23,637.46 | 432.59 | 1.86% |
| VIX | 15.79 | -0.58 | -3.54% |
| Gold | 4,006.10 | -13.6 | -0.34% |
| Oil | 61.3 | -0.01 | -0.02% |
OVERVIEW OF THE US MARKET
Wall Street surged to new records on October 27, 2025, fueled by optimism over a potential US-China trade deal easing tensions, alongside strong corporate earnings and Fed rate cut expectations. The S&P 500 climbed 1.2% to surpass 6,875 for a fresh all-time high, the Nasdaq Composite jumped 1.9%, and the Dow Jones Industrial Average rose 0.7%. Information technology led gains with a 2% advance, driven by Qualcomm’s AI chip unveiling challenging Nvidia, while communication services rose 2.3%. Consumer staples and materials dipped slightly over 0.2%, but broader risk appetite prevailed despite gold slipping below $4,000.
Gold steadied after dropping 9% from last week’s peak, reflecting reduced haven demand amid trade thaw, while Bitcoin held steady. Beyond Meat extended declines, down 17.2% in volatility, Intel rose 3.3% on outlook, and Ford fell 4.2%. Invesco postponed QQQ proxy vote, Newmont beat earnings amid Nevada asset talks with Barrick, and JPMorgan plans Bitcoin/Ether collateral for loans by year-end. Procter & Gamble protected margins via hikes despite tariffs, GM cut jobs post-guidance raise, and Target eliminated 8% corporate roles.
Trade progress advanced as officials in Kuala Lumpur described talks as constructive, paving for Trump-Xi summit with deals on soybeans, tech, and rare earths, per Trump’s positive comments on farmers and Taiwan. Navellier & Associates’ Louis Navellier called the market on fire from earnings optimism, while E*Trade’s Chris Larkin eyed Big Tech reports—Microsoft, Alphabet, Meta, Amazon, Apple—for rally extension, barring trade surprises. Fundstrat’s Hardika Singh noted AI hype testing bubble fears but early cycle favors holding, with Citadel Securities’ Scott Rubner seeing year-end surge from seasonality and retail demand.
With swaps fully pricing October 29 quarter-point cut and December likely, Interactive Brokers’ Jose Torres saw tariff unscathed Corporate America powering profits. Upcoming October 28 consumer confidence poll at 93.2, after sentiment’s five-month low on prices, and Q3 GDP at 3% could affirm resilience.
OVERVIEW OF THE AUSTRALIAN MARKET
The Australian share market advanced on October 27, 2025, buoyed by US-China trade optimism and Wall Street records, with the S&P/ASX 200 up 0.4% at 9,055.6 and the All Ordinaries gaining 0.4% at 9,351.9. Information technology rose 0.9% on Nasdaq leads, energy added 0.8% amid crude stability, and financials climbed 0.7% with Big Four up modestly. Health care fell 0.6%, communication slipped 0.1%, as broader rally saw 9 of 11 sectors higher.
Fund flows favored tech, banks, and resources amid trade thaw, with copper solid but critical minerals and gold pulling back. Elsight surged 13.9% on quarterly and Bell Potter buy, AUB up 12.1% on holder notice, Firefly rose 11.3% on copper-gold breakthrough. Felix Gold plunged 27.3%, VHM down 24.3% on correction, Lindian fell 23% despite Malawi reassurance. Fortescue, Rio, BHP gained over 1% on iron ore above $105, Sandfire up 2.8% on quarterly.
IG’s Tony Sycamore noted unconvincing gains given news, with hesitation pre-local CPI and RBA implications. Investors await Q3 trimmed mean CPI at 0.8% quarterly, 2.7% annually—poll—potentially easing November cut odds at 64%, amid Bullock’s inflation comments.
