- US indices extended the upward streak for another day and finished yesterday's trading with big gains. S&P 500 gained 1.89%, Dow Jones moved 1.70% higher and Nasdaq jumped 1.78%. Russell 2000 gained around 2.5%
- Gains, especially on tech indices, were trimmed slightly after Apple reported results after close of the Wall Street session
- Apple traded over 3% lower in the after-hours trading after the company reported Q3 EPS at $1.46 (exp. $1.39) and revenue at $89.50 billion (exp. $89.35 billion). iPhone sales were higher than expected while sales of Mac and accessories missed expectations
- Apple reported the fourth revenue drop in a row, marking the longest losing streak since 2001
- Indices from Asia-Pacific traded higher today - S&P/ASX 200 and Kospi gained 1.1%, Nifty 50 traded 0.6% higher and indices from China added 0.7-2.4%. Stock exchanges in Japan were closed due to a holiday
- DAX futures point to a higher opening of the European cash session today
- Moves on the FX market during the Asia-Pacific session were limited as traders are awaiting key jobs data later today
- ECB Schnabel said that with current monetary policy stance she expects inflation to return to target by 2025
- Chinese Caixin manufacturing PMI ticked higher in October, from 50.2 to 50.4 (exp. 51.2)
- Major cryptocurrencies trade mixed - Bitcoin drops 0.7%, Dogecoin trades 0.1% lower while Ethereum gains 0.3% and Litecoin adds 0.1%
- Energy commodities are trading higher today - oil gains 0.2-0.3% while US natural gas prices jump 0.7%
- Precious metals benefit from USD weakening - gold adds 0.1%, platinum gains 0.3% while silver drops 0.1%
- NZD and EUR are the best performing major currencies while USD and CAD lag the most
US indices extended an upbeat streak yesterday with US500 now trading around 5% higher week-to-date. Index trades at 2-week highs. Source: xStation5
Morning wrap🗽 Indices and precious metals recover losses following the Fed decision (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.
US OPEN: Wall Street seeks rebound ahead of Fed decision