Key Facts – October 19, 2025:
- Stocks Near Record Highs: U.S. markets closed last week on a strong note. The S&P 500 and Dow Jones both notched weekly gains and are hovering near all-time highs (Dow around 46,200; S&P ~6,664) [1] [2]. The tech-heavy Nasdaq Composite ended Friday at 22,680 – within sight of its record (~23,000) and up roughly 15% year-to-date [3].
- Optimism Despite Risks: Investors have largely shrugged off recent risks – from Washington’s budget gridlock to trade war scares – focusing instead on strong earnings and a potential Federal Reserve rate cut. Major banks beat forecasts (e.g. Bank of America, Morgan Stanley), and the Fed is widely expected to cut rates at its late-October meeting [4]. Hopes of easier monetary policy have buoyed equities even as inflation stays above target [5].
- Trade Tensions Ease: Market jitters over U.S.–China trade flared then calmed. Last week President Trump dialed back tariff threats, calling a proposed 100% China import tariff “unsustainable,” and confirmed an upcoming meeting with China’s President Xi Jinping [6]. This U-turn, after tariff talk sparked the Nasdaq’s worst sell-off in months, helped stocks rebound. “We’ve seen this movie before… now he’s clearly putting water on that fire,” noted Carson Group strategist Ryan Detrick, adding that earlier regional bank fears also proved “overblown” with the financial sector still on “firm footing” [7] [8].
- Gold & Oil Soften Inflation Fears:Gold prices blasted to record highs above $4,300/oz mid-week as investors sought safe havens, but pulled back to around $4,230 by Friday [9]. Meanwhile, oil prices have eased – U.S. crude is near $57.5/barrel (Brent ~$61.3) after recent declines [10]. Cheaper energy and the pause in gold’s surge are tempering inflation worries, while the 10-year Treasury yield hovers around a modest 4.0% [11] (down from last month’s highs).
- Earnings Wave Ahead: The week of Oct. 19 kicks off one of the busiest earnings periods of the season [12]. Tech and consumer giants are in focus – Netflix reports Tuesday and Tesla on Wednesday, followed by blue-chips across sectors (from Coca-Cola and Procter & Gamble to Intel, AT&T, Ford and GM) [13] [14]. Investors will be watching these results for clues on consumer spending, AI-driven tech growth, and any impact from higher costs or global tensions on corporate outlooks.
- Fed on Deck (Data Delayed): With a government shutdown still in effect, key U.S. economic reports (jobs, inflation, retail sales) have been temporarily frozen – September’s jobs report and other data were postponed [15]. This “data blackout” has markets leaning even more on the Federal Reserve. Fed fund futures imply over 95% odds of a quarter-point rate cut at the Fed’s Oct. 28–29 meeting [16], which would follow a similar cut in September. Another cut is anticipated in December, as cooling labor market signs (from private surveys) bolster the case for easier policy [17]. Fed officials are divided, but dovish voices argue the Fed should “act decisively” to support growth amid fragile employment [18]. Until official data resumes, any Fed communications or surprises could jolt markets.
Markets Rebound to Highs After Volatile Week
Wall Street enters Monday on a positive footing after a roller-coaster week that ultimately tilted bullish. All three major indices finished last week in the green, extending a broader 2025 rally. The Dow Jones Industrial Average now sits above 46,000 points and briefly crossed 46,500 in mid-October [19] – an all-time high – while the S&P 500 likewise hit record territory. On Friday (Oct. 17), the S&P closed at 6,664.01 and the Dow at 46,190.61, each up ~0.5%, as late-day buying pushed them into record range [20]. The Nasdaq Composite ended at 22,679.98 [21], capping a choppy week with a gain and keeping the tech-heavy index up ~15–17% for 2025 so far [22].
This resilience comes despite bursts of uncertainty. Early last week, worries over regional banks and trade tensions spooked markets, causing sharp sell-offs. A regional banking scare – sparked by one bank’s surprise loan loss and another’s fraud lawsuit – initially sent bank stocks plunging, echoing memories of past crises. However, cooler heads prevailed: by Friday, sentiment stabilized as investors deemed the issues non-systemic. The KBW Regional Bank Index rebounded ~1.7% after a 5% tumble the day prior [23]. “It took a night to sleep on it, but some calm has come in over the probably overblown worries in the regional bank area,” observed Carson Group’s Ryan Detrick, noting the financial sector remains on firm footing despite a few isolated negative headlines [24].
At the same time, a major external worry – the U.S.–China trade dispute – took an encouraging turn. Just a week ago, rhetoric about 100% tariffs on Chinese goods triggered the Nasdaq’s worst drop in months. But in a dramatic policy reversal, President Donald Trump eased off the threats. He acknowledged such extreme tariffs were not feasible long-term and confirmed he will meet China’s President Xi Jinping in two weeks to negotiate [25]. “We’ve seen this movie before,” Detrick quipped, referring to past trade-war scares that eventually fizzled. After fanning trade fears earlier, Trump is now “clearly putting some water on that fire,” Detrick said, which helped lift the market mood [26]. Indeed, by week’s end investors appeared relieved that worst-case trade outcomes (and banking issues) were avoided.
Strong corporate earnings have provided a foundation for these gains. The first big week of third-quarter earnings season showed robust results, especially from banks and tech firms. Major U.S. banks like Bank of America and Morgan Stanley reported earnings that beat Wall Street expectations, following on the heels of JPMorgan and others earlier in the month. By the end of last week, about 58% of S&P 500 companies had reported Q3 results, with 86% topping forecasts – an unusually high “beat” rate that lifted confidence [27]. Analysts now project S&P 500 earnings growth around 9.3% year-on-year, a tick higher than earlier estimates [28]. These positive surprises, particularly from lenders and large caps, suggest corporate America is weathering headwinds (like higher interest rates) better than anticipated.
Another tailwind: mega-cap tech and AI-driven stocks continue to power the market higher, despite some mid-week volatility. Early in October, euphoria around artificial intelligence reached a fever pitch. For instance, on Oct. 6 chipmaker AMD saw its stock skyrocket 34% in a single day – its biggest jump in 9 years – after announcing a multibillion-dollar AI chip partnership with OpenAI [29]. Rival Nvidia hit fresh record highs (~$195/share) before a bout of profit-taking [30], and Broadcom leapt ~10% on news of a $10B AI venture with OpenAI [31]. These moves underscore how AI hype and deal-making have fueled 2025’s rally. Even as some of these high-fliers gave back gains later in the week (AMD is still up hugely year-to-date, and Nvidia ~+58% YoY [32]), the broader tech sector remains a key driver of market strength. Chip equipment firms like ASML and KLA also surged on upbeat earnings and AI demand forecasts [33], showing the enthusiasm extends across the semiconductor supply chain.
Notably, market volatility did tick up during the week – a reminder that this rally isn’t without bumps. The CBOE Volatility Index (VIX), Wall Street’s “fear gauge,” briefly spiked toward 29 (its highest in about six months) before settling back near 20 [34]. Intraday swings grew sharper as traders reacted to each new headline, from Fed speakers to geopolitical news. Yet despite these jitters, the major indexes proved resilient. Each pullback was met with dip-buying, allowing the Nasdaq, S&P, and Dow to all post weekly advances [35]. Analysts describe a “cautiously optimistic” atmosphere: there’s recognition that markets are near records and thus “not out of the woods” yet [36], but also a sense that fundamentals – solid earnings, hopes of Fed rate cuts – justify the recent highs.
Fed Expectations Soar as Data Blackout Drags On
A big reason stocks have been able to shake off bad news: investors are increasingly convinced the Federal Reserve will pivot to cutting interest rates soon. The U.S. central bank already ended its rate-hiking campaign and delivered a quarter-point rate cut in September 2025, and now another reduction is widely expected at the upcoming late-October meeting. In fact, futures markets put the probability of an October 29 Fed rate cut above 95% [37], according to CME FedWatch data. Traders are even pricing in good odds of yet another cut by December, which would mark three straight meetings of easing if it materializes [38]. Bank of America’s economists just pulled their forecast for the next cut forward to October (from December), citing “signs of a softening labor market” and other economic headwinds [39]. All told, Wall Street is increasingly betting that the Fed will reduce borrowing costs to shore up growth – a bullish development for stocks, which tend to benefit when interest rates fall.
Federal Reserve officials themselves have sent mixed signals, but many are acknowledging shifting conditions. At a recent event, Fed Governor Stephen Miran remarked that “two more cuts this year sounds realistic,” noting clear signs the job market has cooled [40]. Even Fed Chair Jerome Powell said he’s leaving the door open to rate cuts soon [41]. Dovish voices like Vice Chair Michelle Bowman argue inflation is finally slowing and warn of labor market “fragility,” urging the Fed to “act decisively” to support the economy [42]. On the other hand, some hawkish members caution that inflation (especially in services) is still above target and don’t want to ease too quickly [43]. This split means the tone of Fed communications will be critical. In the coming days, investors will parse speeches from several Fed officials (including Bowman and regional Fed presidents) for any hint of hesitation or urgency [44]. Traders are “hungry for clarity” but “hate uncertainty,” as one strategist put it [45] – so even a subtle shift in the Fed’s messaging could spark volatility.
Complicating the outlook is the ongoing U.S. government shutdown, which has partially blinded the market to fresh economic data. Since funding lapsed on Oct. 1, federal agencies have halted most statistical reports. That means key indicators like the monthly jobs report, inflation (CPI), retail sales, and others are not being released on schedule [46]. For example, the Labor Department’s September employment report – originally due Oct. 10 – was postponed indefinitely, leaving investors guessing about the latest hiring trends. This week, the Bureau of Labor Statistics was slated to report September CPI inflation, but that too is in limbo as long as the budget impasse persists. “With no official government data available because of the shutdown, investors were monitoring information from other sources,” Reuters noted [47]. In practice, traders have turned to private-sector proxies: ADP’s private payrolls report showed a far weaker job gain than expected in September, and an ISM survey indicated service-sector employment slipped into contraction [48]. Those alternative signals suggest the labor market is indeed cooling, which bolsters the “Fed pivot” narrative (a softer economy gives the Fed cover to cut rates) [49]. Still, the lack of hard data injects uncertainty – it’s hard to gauge inflation or GDP in real-time without government reports. This data vacuum will likely persist until Washington resolves the shutdown, keeping markets on edge. In the meantime, all eyes are on the Fed: its Oct. 29 policy decision and statement will be one of the first clear readings on how economic conditions are evolving in this unusual data drought.
Investors should also be prepared for potential debt market turbulence around the Fed move. Treasury yields, which influence everything from mortgage rates to stock valuations, have seesawed with changing Fed expectations. The benchmark 10-year Treasury yield recently eased back to about 4.0% [50] after spiking above 4.5% last month. Yields pulled back in part on hopes that rate cuts are coming to relieve pressure. If the Fed delivers a dovish surprise (or if growth data disappoint once the government reopens), yields could fall further, boosting rate-sensitive sectors like tech and housing. Conversely, any hint that the Fed might delay cutting – or concerns that inflation could reignite – might send yields climbing again, which tends to weigh on stock valuations. For now, the bond market seems to agree with equities: economic uncertainty + Fed easing = lower yields, a recipe that has supported the 2025 stock rally.
Tech Titans Lead Market, But Caution Creeps In
Technology and AI-driven stocks remain at the center of this market’s strength – and its potential fragility. The past week showcased both the explosive upside and the volatility of the tech sector. On one hand, the Nasdaq Composite continues to flirt with record highs, lifted by outsized gains in a handful of mega-cap names and chipmakers. We’ve seen blockbuster moves like the aforementioned AMD–OpenAI deal, which sent AMD surging nearly 35% in a day [51]. Another example: AppLovin and Robinhood Markets each jumped over 12–15% after news they’ll be added to the S&P 500, forcing index funds to buy those shares [52]. These instances show how hungry the market is to bid up anything tied to the current tech themes (AI, new economy apps, etc.).
On the other hand, rapid rotations and profit-taking are also in play. Late last week, some high-flying chip stocks abruptly pulled back after Applied Materials warned that new U.S. export curbs to China could hurt its 2026 sales by $600 million [53]. That cautionary outlook hit Applied Materials’ stock and “reverberated across the chip sector,” momentarily dousing the Nasdaq’s momentum [54]. Similarly, Tesla – often seen as a bellwether for growth stocks – had a wild week: its shares initially rose on hype around an upcoming product event, then sank over 1% Friday after the company missed third-quarter delivery expectations [55]. Tesla’s swings show that even market darlings are susceptible to setbacks if news disappoints. Overall, big tech and AI names still underpin the market’s gains, but we’re seeing more day-to-day churn as investors selectively lock in profits on stretched valuations and then buy back on dips [56].
Market internals hint at a narrowing leadership, which has some experts treading carefully. Despite indexes near highs, fewer individual stocks are participating in the uptrend. Only about 57% of S&P 500 members remain in technical uptrends now, down from ~77% in July [57]. This means the rally has become more concentrated in top-weighted names, which can be a vulnerability. Elevated valuations in the tech sector are also on traders’ minds – price/earnings ratios have climbed as stocks outran earnings growth. “Risk appears to be expanding,” one strategist warned, pointing to the jump in volatility and narrow breadth as signs that the market could react sharply to any “incremental risk catalysts” that emerge [58]. In plainer terms, the higher and more concentrated the market climbs, the more sensitive it might be to surprises.
Some veteran market watchers are even starting to invoke a familiar metaphor: surfing a wave. Robert Pavlik, senior portfolio manager at Dakota Wealth, cautions that the tech rally has taken on a life of its own. “It’s a wave, and waves don’t go on forever – it will eventually crest,” Pavlik said, referring to the frenzied run-up in AI-related stocks [59]. “But where are we in this cycle of the wave? It’s impossible to know,” he admitted [60]. This captures the central dilemma for investors now: momentum is strong, but timing the top is tricky. Pavlik isn’t necessarily bearish – he suggests the AI-driven bull run “could have more room to run” even if some froth is building [61]. However, his point is that parabolic moves eventually correct, and prudent investors should keep an eye on the exit for when the tide turns.
In the meantime, there are signs of sector rotation that may actually be healthy for the market’s longer-term stability. Recently, some defensive and value-oriented sectors have shown strength, hinting that investors are diversifying beyond pure growth plays. For example, the utilities sector of the S&P 500 jumped over 1% last week, and traditionally defensive areas like consumer staples and healthcare outperformed even as tech wobbled [62]. This suggests some money is rotating into “steadier” dividend-paying stocks as a hedge. “It seems like the market is hedging a bit – a tale of two tapes,” one strategist observed, noting the resilience of defensives alongside the tech rally [63]. Indeed, specific catalysts drove some of these moves: AES Corp, a utility, spiked 17% mid-week on takeover speculation [64], and pharma stocks popped after a White House deal to cap drug prices (in exchange for tariff relief on medicines) fueled a 2.7% biotech rally [65]. Such action indicates the market isn’t one-dimensional; investors are positioning for multiple scenarios, which can help prevent an abrupt collapse if one sector falters. Still, tech remains king – and as long as the likes of Apple, Microsoft, Nvidia, and Google keep climbing (or at least hold their ground), the broader indexes should stay buoyant.
Global Markets and the Bigger Picture
While U.S. stocks have been grabbing headlines with record highs, it’s worth noting that international markets have been thriving in 2025 as well – even outpacing Wall Street in some cases. In the first nine months of the year, global equities delivered superior returns: the MSCI World (ex-USA) index surged 25.3%, easily trouncing the S&P 500’s 14.8% gain through Q3 [66]. In other words, investors diversified overseas have seen even bigger wins than those solely in U.S. large-caps. Developed markets from Europe to Japan have rallied amid improving economies and a delayed rebound following years of underperformance. Emerging markets too have participated, helped by stabilizing commodity prices and renewed foreign investment. This global upswing suggests the bull market is not confined to the U.S., and some analysts say it’s a “wise time to diversify” beyond American stocks [67] in case U.S. valuations become too rich.
Regionally, there are both bright spots and challenges. Japan’s Nikkei index recently hit a fresh record high for the first time in over three decades, buoyed by a pro-stimulus political climate and robust corporate earnings. (The Nikkei did pull back slightly by Friday to ~47,600 [68], but remains on a strong uptrend.) European stocks have climbed as well in 2025, although more modestly and with bouts of volatility. The pan-European STOXX 600 is up for the year, even as Europe grapples with its own issues – from a budget standoff in France to sluggish growth in Germany. Political uncertainties (e.g. debates over EU spending rules) injected caution into European markets in recent weeks [69], but optimism from abroad (particularly the U.S. tech rally) has often spilled over and lifted European equities. In fact, global tech euphoria has been a rising tide; chip stocks worldwide jumped in sympathy with AMD’s surge and the broader AI boom originating on Wall Street [70].
One cloud on the international horizon has been the U.S.–China trade war, which not only affects American markets but also casts a shadow on global supply chains and investor confidence overseas. Thus, Trump’s softer stance and planned talks with Xi Jinping were welcomed not just in New York but in financial hubs from London to Hong Kong. Still, non-U.S. economies face distinct challenges: China’s growth has been slowing and authorities there are juggling stimulus measures with debt concerns; Europe is dealing with sticky core inflation and energy costs; and some emerging markets are exposed to currency fluctuations as U.S. rates potentially peak. The strong U.S. dollar (though it eased a bit last week [71]) remains near multi-year highs, which can pressure foreign markets and U.S. multinationals alike. Last week the dollar index ticked up to around 98.4 [72], though it was on track for a weekly dip – any sustained dollar softening would be a relief to non-U.S. assets.
On the commodities front, trends have been benign for global growth. As noted, crude oil prices have fallen substantially from their early-year highs, thanks to ample supplies and only token output cuts from OPEC+ [73]. U.S. WTI crude is hovering in the high-$50s per barrel [74] – a far cry from the $80–90 range seen at times in 2022 and 2023 – which helps ease cost pressures worldwide (fueling hope that the inflation surge of the past two years is decisively fading). Metals prices have been mixed: industrial metals like copper are steady, reflecting neither boom nor bust conditions, while precious metals (gold, silver) spiked on risk aversion but could cool if fears ebb. And notably, Bitcoin and cryptocurrencies have been on a tear in 2025, with Bitcoin recently breaching $125,000 for the first time [75] amid enthusiasm for potential ETF approvals. This cross-asset rally – stocks, bonds (in price terms), and even crypto all rising – hints at a market increasingly confident that the era of tight monetary policy is ending.
Looking at the big picture, some institutional strategists are becoming more upbeat. For example, UBS upgraded its view on global equities to “attractive” in mid-October, citing the transformative boost from AI and resilient corporate earnings as reasons to expect further upside [76]. The argument is that we are in a new cycle where innovation-driven productivity (AI, automation) could sustain growth even as central banks pivot to easier stances – a potentially sweet combination for stocks. Of course, not everyone is so sanguine. There are lingering risks that could re-emerge: inflation is above central bank targets in the U.S. and Europe, so a commodity supply shock or policy mistake could reignite price pressures. Geopolitical tensions (whether trade conflicts or regional wars) remain a wildcard that could dent confidence at any time. And markets have run up fast – some say too fast – which always raises the chance of a sudden correction if the narrative changes.
For now though, the prevailing sentiment is that the path of least resistance is upward. As one analyst joked, “don’t fight the Fed on the way down” – meaning don’t bet against stocks when interest rates are poised to drop [77]. Indeed, historically when the Fed starts cutting rates, it has often extended bull markets (at least initially), as cheaper capital fuels investment. The coming weeks will test this optimism: can earnings from Big Tech justify their hefty valuations? Will the Fed deliver the expected cut and sound sufficiently accommodative? Can Washington get its act together to reopen the government and avoid a debt ceiling scare down the road? Each of these will influence whether stocks extend their record run or finally take a breather.
The Week Ahead: Key Earnings, Data (Maybe), and What to Watch
As the stock market prepares to open on Monday, investors have a full plate of developments to monitor:
- Earnings deluge: This week brings a cross-section of America Inc. to the earnings stage. In tech, all eyes are on Netflix (Tue) and Tesla (Wed) – Netflix will show whether its password-sharing crackdown and ad-tier growth are boosting profits, while Tesla’s results (and conference call with Elon Musk) will be dissected for EV demand trends and margins. Other tech names reporting include Intel, IBM, and Texas Instruments, which will give readouts on semiconductor and enterprise spending health [78]. Beyond tech, consumer giants like Coca-Cola and Procter & Gamble will provide insight into consumer staples demand and pricing power. AutomakersFord and GM are on deck as well, amid labor strike aftermath and EV transition questions. In telecom/media, we’ll hear from AT&T and Verizon, and in air travel, from American Airlines and Southwest (LUV). Industrial bellwethers (GE, 3M), energy firms (Halliburton, Valero), and big financials (American Express, Blackstone) also dot the calendar [79]. The bottom line: by Friday, we’ll have a much clearer picture of how corporate profits fared in Q3 across almost every major sector. So far, earnings season has been better than feared – if that trend holds, it could justify the market’s recent rise. But any high-profile misses or cautious outlooks (especially from tech leaders) could test investor confidence.
- Economic reports (tentative): If the federal government remains shut, official economic data will again be sparse. However, should a funding resolution occur, we could quickly see a flood of delayed releases. The Consumer Price Index (CPI) for September is one crucial report waiting in the wings – a hot CPI print could challenge the “Fed will cut” narrative, while a tame number would reinforce it. Also pending are retail sales and housing market stats that were due this past week. Absent those, markets will rely on alternative data. For example, global PMI (Purchasing Managers’ Index) surveys are still coming out from private sources – these will offer clues on manufacturing and service sector momentum in October. Overseas, China is scheduled to report Q3 GDP and other indicators, which could sway sentiment on global growth (especially commodities). In Europe, a key focus will be the European Central Bank (ECB) meeting on Thursday: the ECB may signal its own policy pivot if Eurozone data is softening. Any surprise moves or guidance from other central banks could indirectly affect U.S. rate expectations.
- Federal Reserve and policy: The Fed is in its blackout period prior to the Oct. 28–29 meeting, so no Fedspeak will occur this week from FOMC members. That means markets might actually get a breather from parsing Fed comments – until next week’s decision. However, bond yields and Fed futures will still move with every piece of incoming information on inflation or growth. Also, keep an eye on Washington: While the stock market has largely ignored the government shutdown so far (with the S&P 500 actually hitting new highs during the impasse) [80], a prolonged shutdown or a nasty fight over the budget could eventually dampen economic activity (and consumer sentiment). There’s also chatter in D.C. about picking a new House Speaker and year-end budget negotiations – any progress there could be a modest plus for market sentiment, while continued dysfunction might start to worry investors or credit agencies. Lastly, no new fiscal stimulus is expected (despite some baseless internet “stimulus check” rumors that have been debunked [81]), so the onus is on the Fed and organic economic growth to keep things humming.
- Geopolitics and wildcard events: Always a factor, global events bear watching. Thus far in October, markets have shown remarkable resilience in the face of geopolitical tensions. For instance, the ongoing Ukraine-Russia conflict and periodic U.S.–China frictions over technology (e.g. export controls, sanctions) remain background risks. Any escalation could spark a flight to safety (benefiting assets like gold or Treasurys, and hitting equities). Conversely, any positive surprises – say, a breakthrough in trade negotiations or in averting a European political crisis – could add fuel to the rally. We’re also around the 38th anniversary of the 1987 “Black Monday” crash (Oct. 19, 1987), a bit of historical trivia that some traders note as a reminder not to be complacent. Few expect anything remotely similar now, but it underscores that market psychology can shift quickly. Volatility is already up from its summer lows, and as one portfolio manager cautioned, the current rally is like a wave that “will eventually crest and decline” – the tricky part is knowing when [82].
Bottom Line: As the stock market gears up for the trading week of October 19, 2025, the overall backdrop is highly favorable yet tinged with caution. The bulls point to record-high indexes, stellar earnings, and imminent Fed rate cuts as reasons the momentum can continue. In their view, dips are buying opportunities as the mid-2020s bull market enters a new phase propelled by tech innovation and easier monetary policy. Indeed, so far investors have “shrugged off” political gridlock in Washington in favor of this bullish narrative [83]. Bears and skeptics, however, note that valuations are rich and a lot of good news is already priced in. Any hiccup – be it a corporate giant missing earnings, an inflation surprise, or simply profit-taking after such a big run – could spark a pullback or at least keep gains in check.
For now, the tone at Monday’s opening bell is expected to be positive but vigilant. U.S. stock futures were little changed to slightly higher in early trading, reflecting confidence from last week’s rally carrying over, but also some wait-and-see attitude ahead of big earnings. With so many moving parts (earnings, Fed, macro data) converging, traders should brace for potential swings. The next few days will offer critical signals about whether this market can keep grinding higher into year-end – or if it needs to digest recent gains. Stay tuned as we find out if Wall Street’s 2025 winning streak rolls on, or if upcoming news finally gives investors a reason to tap the brakes. In the words of one seasoned strategist, “the rally’s foundation is solid, but we’ll learn a lot more this week about how sturdy it really is” [84] [85].
Sources: Recent market data and expert commentary from Reuters, Investopedia, Yahoo Finance, TS² (TechStock²) News, and other financial outlets have been used in compiling this report [86] [87] [88] [89]. All information is up to date as of Oct. 19, 2025.
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