- The S&P 500 closed at 7,811.54, up 0.59%, capping a week in which all three major US indexes posted weekly gains.
- The 10-year Treasury yield held near a 24-year high of 5.25%, keeping yields above 5% as equity valuations are tested.
- A Thursday tech selloff triggered by an OpenAI revenue scare reversed on Friday after positive reports on the company's expected annualised revenue.
- Bank earnings season begins Tuesday, October 13, with JPMorgan Chase and Wells Fargo reporting Q3 results.
- September CPI data is due October 14, and investors will judge whether the Fed rate path can coexist with equity valuations above 5% yields.
- Consumer sentiment hit a five-month low on cost-of-living pressures, and oil prices continue to strain corporate margins.
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“consumer sentiment hit a five-month low due to cost-of-living pressures”