ECONOMIC SILUET: Dow posts best week since June | Bitcoin crosses $60,000

Jumat, 15 Oktober 2021

FRI, OCT 15, 2021

EVENING BRIEF

AS OF FRI, OCT 15, 2021 • 05:02 ET

DJIA		35294.76
		+1.09%	+382.20

S&P 500		4471.37
		+0.75%	+33.11

NASDAQ		14897.34
		+0.50%	+73.91

Most Active

DOW
NAME	LAST	CHG	%CHG
AAPL	144.84	+1.08	+0.75%
VZ	52.27	+0.35	+0.67%
INTC	54.46	+0.56	+1.04%

S&P 500
NAME	LAST	CHG	%CHG
F	15.70	+0.25	+1.62%
AAPL	144.84	+1.08	+0.75%
BAC	46.37	+1.30	+2.88%

NASDAQ
NAME	LAST	CHG	%CHG
AAPL	144.84	+1.08	+0.75%
AMD	112.12	+0.13	+0.12%
INTC	54.46	+0.56	+1.04%

EDITOR'S NOTE

The three major U.S. stock averages closed the week higher for a second time in a row after a strong start to the third-quarter earnings season. The Dow Jones Industrial Average notched its best weekly performance since June and now sits less than 1% below its all-time high.

The week of earnings from big banks and other major companies finished off with a better-than-expected report from Goldman Sachs before the bell Friday. Goldman was a top gainer on the Dow and among the S&P 500's top performers.

Retail sales showed a surprise increase in September, gaining 0.7% on the month versus a 0.2% decline estimated by economists.

"Investors position around comfortingly encouraging macro news and a slew of mostly solid earnings releases that has fueled a sharp reversal of the September stock swoon," Goldman Sachs' Chris Hussey said in a note.

Also adding to the positive market sentiment, bitcoin crossed $60,000 Friday.

The Securities and Exchange Commission is poised to allow the first U.S. bitcoin futures exchange-traded funds to start trading next week, according to a source familiar with the matter.

"This is a crawl, walk, run market," Bitwise Asset Management chief investment officer Matthew Hougan told CNBC's Bob Pisani. "The smallest step the SEC can take right now is to launch a bitcoin futures market because it is a regulated market."