This Week on Wall Street

Wall Street opens a new week Monday with no new close yet to report, still digesting Friday's broadly lower session that capped a volatile week: the Dow Jones tumbled 652.82 points (1.23%) to 52,215.16, the S&P 500 slipped 0.52% to 7,623.68, and the Nasdaq Composite eased 0.21% to 25,955.34, with nearly three of every four S&P 500 stocks in the red. Futures point modestly higher Monday morning after the White House ruled out a near-term strike on Iran, easing some of the Middle East supply fears that had driven Energy up 2.55% last week even as Consumer Staples dropped 1.92% and Communication Services fell 1.40% to lead decliners. The VIX closed at 19.45 and the 10-Year Treasury yield held near 4.99% — down for a third straight week — while WTI crude sat near $104.50 and gold held around $4,007.90. Sentiment remains cautious — the Fear & Greed Index sits at 20, deep in Extreme Fear — after September's hotter-than-expected 3.7% CPI print. It's a pivotal week ahead: the Fed's October 28 rate decision (a hold is widely expected), earnings from Microsoft, Alphabet, and Amazon, and Thursday's first look at Q3 GDP and the Fed's preferred PCE inflation gauge.