S&P 500 
Following a truly rough week for investors, Wall Street rallied sharply on Tuesday 16 as upbeat results from corporates bolstered market sentiment. The three major indices tallied their biggest one-day percentage gains since March. The Dow jumped 2.17 percent, while the S&P 500 climbed 2.15 percent and the Nasdaq 2.89 percent.
Unfortunately, this recover was just a flash in the pan, gains being swiftly wiped out on Thursday 18 due to fears over a slowdown in China and steeper U.S. rates after a hawkish commentary in the Federal Reserve’s minutes. Hence a relatively flat week for U.S. large cap indices (S&P 500: +2bps) while Europe managed to add 32bps (MSCI EMU index). However, the sector returns were contrasted. Energy was the poorest performer (down 2.03 percent) with U.S. futures settling below $70 a barrel for the first time in a month, after the U.S. commercial crude stockpiles rose by 6.5 million barrels in the week to Oct. 12 (source EIA). By contrast, utilities and consumer staples took again the lead (+3.05 and +4.29 percent respectively).
On the interest rate front, the 10-Year US Treasury yield remained almost unchanged at 319bps. On the other hand, it should be noted that investors sold high yield bonds as risk appetite waned significantly.
Find the full report here : https://www.trackinsight.com/weekly-flow-report
