Your Daily Market Brief

October 22, 2026

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Market Wrap: Stocks, Bonds, Commodities

On Wednesday, major U.S. indices finished higher as technology shares led gains. The S&P 500 advanced 44 points (+0.58%) to 7,757, the Nasdaq 100 jumped 332 points (+1.13%) to 29,822, and the Dow Jones gained 360 points (+0.69%) to 52,856.

The U.S. 10-year Treasury yield rose 0.8 basis points to 5.119%.

Tesla (TSLA) rose 3.41%, while SpaceX (SPCX) jumped 7.79% after Elon Musk said both companies had formed special committees to evaluate a potential merger. After the market close, Tesla reported third-quarter revenue of 28.05 billion dollars, above the 27.88 billion dollars expected.

Super Micro Computer (SMCI) jumped 9.55% after raising its fiscal first-quarter revenue outlook to 18.5 billion to 19.5 billion dollars from 14.5 billion to 15.5 billion dollars, citing stronger demand for AI platforms.

Netflix (NFLX) fell 5.31% after cutting its 2026 advertising revenue forecast to 2.7 billion dollars from about 3 billion dollars and issuing weaker-than-expected fourth-quarter guidance.

AT&T (T) fell 6.45% despite beating third-quarter earnings and revenue expectations.

Chipotle Mexican Grill (CMG) fell 5.16% as the company continued rolling out menu price increases across nearly 20% of its U.S. stores.

In after-hours trading, Meta Platforms (META) reported third-quarter revenue of 64.60 billion dollars, above the 63.37 billion dollars expected.

In Europe, the DAX 40 jumped 1.35%, the CAC 40 gained 1.06%, and the FTSE 100 rose 0.19%.

In the commodities market, spot gold gained 11 dollars (+0.26%) to 4,135 dollars an ounce. U.S. WTI crude oil futures (December) fell 0.67 dollars (-0.68%) to 97.15 dollars a barrel.

Market Wrap: Forex

The U.S. dollar was steady, with the Dollar Index holding at 101.70.

EUR/USD slipped 3 pips (-0.03%) to 1.1233, while GBP/USD gained 14 pips (+0.10%) to 1.3392 as U.K. inflation came in at 3.5% year-on-year in September, above the 3.4% anticipated.

USD/JPY edged up 1 pip (+0.01%) to 158.17, and USD/CHF slipped 5 pips (-0.06%) to 0.8241.

AUD/USD gained 26 pips (+0.37%) to 0.7028, while USD/CAD declined 13 pips (-0.09%) to 1.4041.

Bitcoin rose 1,723 dollars (+2.08%) to 84,494 dollars.

Morning Trading

In Asian trading hours, EUR/USD edged up to 1.1238, while GBP/USD held steady at 1.3392.

Meanwhile, USD/JPY eased to 157.90.

Spot gold slipped to 4,116 dollars an ounce.

Bitcoin pulled back to 82,890 dollars.

Expected Today

In the U.S., initial jobless claims are expected to rise to 200,000 in the week ended October 17, while the Leading Index is estimated to drop 0.1% month-on-month in September.

Canada's producer price index is projected to be up 14.1% year-on-year in September.

Web TV from Trading Central

GBP/USD Intraday: Upside Prevails

GBP/USD intraday is expected to advance further as long as the key support at 1.3353 holds.

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