Market News

Intel stock’s September recovery remains partly intact, but Friday’s failed rebound raises a warning

INTC weakened while the broader technology benchmark strengthened. For traders considering an entry and shareholders weighing partial profit-taking, the next question is whether nearby support holds and buyers can regain $120–$122.

Analysis through October 2, 2026. Intel’s regular-session close was $119.33. Prices below are historical observations, not live quotes.

INTC's failed rebound sits below a major prior value-area boundary

Let's jump into my daily chart for Intel's stock below. The previous earnings-quarter volume profile places an important overhead decision zone around $128.75-$130.75. Because the profile is calculated over a…

The US employment report gave stock buyers something to cheer about on Friday. Payroll growth missed expectations, earlier months were revised lower and wage growth slowed. The initial reaction was lower Treasury yields, a weaker dollar and higher stocks as traders reduced expectations for another October Fed hike. 

However, the bond market did not hold that move. Yields reversed higher and ended above Thursday’s levels. Stocks were more successful in holding gains, with the Nasdaq 100 closing at a new record. Nvidia and the Nasdaq Composite reached new all-time intraday highs, but neither finished at a record closing level.

Dollar finishes mostly lower

The USD ended lower against most major currencies despite the recovery in Treasury…

US stocks closed higher on Friday, with the Nasdaq 100 finishing at record levels. The Nasdaq Composite led the major indices with a gain of 1.19% but after trading to an all-time high intraday, it closed back below the level. The broader S&P 500 also joined the move higher but remains 1% or so off the all time high close.  .

The September employment report gave buyers some encouragement. Nonfarm payrolls rose just 29,000, below the 90,000 expected, easing concerns about another near-term Federal Reserve rate hike. For stocks, the market focused on the potential for less additional tightening, even as slower hiring raises questions about growth.

Friday’s gains helped repair some of the damage from earlier in the week. However, the weekly…

Earlier today, Bitcoin buyers had their shot near the top of a key swing area at $87,334, but sellers leaned against that level and pushed the price back to the downside.

Now, as the weekend approaches, the focus shifts to support. Can buyers defend the levels that helped build the rally, or will sellers unravel more of the move higher?

The supplied four-hour chart shows Bitcoin near $84,241, below the upper swing area between $85,578 and $87,334, but still above the 38.2% retracement at $83,916. Sellers earlier today successfully defended resistance and pushed lower, but buyers still have levels below where they can make a stand.

Sellers defended a familiar ceiling

The $85,578–$87,334 area has mattered on several tests going back to late…

The new trading week brings a lighter economic calendar, but there are still several events that can move currencies and yields. The main highlights are Monday’s U.S. ISM services report, Wednesday’s Federal Reserve minutes, Thursday’s ECB monetary policy accounts, and Friday’s Canadian employment and U.S. consumer sentiment reports.

For traders, the question is whether the incoming data show growth holding up while price pressures remain elevated, or whether the economy is losing enough momentum to change the policy outlook.

All times below are U.S. Eastern. Forecasts reflect the calendar available on October 2 and may change.

Monday, October 5: Services activity gets the first look

• 10:00 a.m. — U.S. ISM services PMI for September: Expected…

Fed’s Goolsbee spoke to Fox Business Network about the labor market, inflation and the policy outlook:

• Labor market is steady. The inflation side of the Fed’s job is more important.
• Plenty of room for anything on the table as far as rate hike or pause.
• Open to seeing if we get evidence we are heading back to 2% inflation.
• Will not rule out any decision at the next meeting

Analysis: Goolsbee is keeping a hike and a pause on the table, but inflation remains his main concern. Calling the labor market steady suggests he sees room to focus on bringing inflation down. He is willing to assess evidence of progress toward 2%, but these comments do not signal that he has taken another hike off the table.

That follows a more forceful warning earlier this…

As London and European traders head home, the major European indices are closing higher on the day. However, the Friday gains were not enough to erase the weekly declines. Germany’s DAX held up best over the five trading days, while Spain’s Ibex led the losses.

The closing levels and changes show:

• German DAX: 25,222.05, up 282.69 points or 1.13%. For the week, down 0.73%.

• France CAC: 7,897.20, up 61.88 points or 0.79%. For the week, down 2.24%.

• UK FTSE 100: 10,461.94, up 33.68 points or 0.32%. For the week, down 2.18%.

• Spain Ibex: 19,085.31, up 80.01 points or 0.42%. For the week, down 3.12%.

• Italy FTSE MIB: 50,483.22, up 245.36 points or 0.49%. For the week, down 2.67%.

European yields fall today, with a mixed weekly picture

European benchmark…

With both the Nasdaq Composite and Nasdaq 100 trading at record highs, you might expect the familiar names in the Magnificent Seven to be doing the same. However, Nvidia is the only one of the seven trading at a new all-time high today. The others are at different stages of their technical journeys, with some holding support and others still working to get above resistance.

In the video below, I take a technical look at five of those stocks—Microsoft, Meta Platforms, Alphabet, Nvidia and Apple—and outline the levels that define the bias, the risk and the next targets.

• Microsoft (MSFT): Microsoft shares are trading near $516, within a key swing area between $513.50 and $517.60. Today’s move took the price above that area to $522.50, but…

White House NEC Director Kevin Hassett discussed the US jobs report and the administration’s economic outlook on Bloomberg TV:

• The jobs report was broadly in line with expectations, and the data point to a very strong consumer.
• He expects a strong holiday shopping season.
• The administration respects the Federal Reserve’s independence.
• He attributes higher bond yields to the strength of the economy.
• The government’s current interest payments are unacceptably high.
• President Trump is committed to reducing the deficit.
• The administration does not want to use inflation to reduce the real value of its debt.
• He described the situation between Fed Chair Warsh and Powell as unusual.

Analysis: Hassett’s message is upbeat of course. The White House sees…

Oil prices have moved sharply lower after French President Emmanuel Macron said diesel and crude stocks would be released over four months, with G7 leaders confirming a release of up to 100 million barrels over the next 4 months.

President Trump also posted that Europe had agreed to release a significant amount of diesel from its stockpiles, saying the process would begin immediately.

The headlines helped push December Brent crude from $100.42 to $98.72. Meanwhile, WTI crude oil is trading near $88.64, down $4.30, or 4.63%, on the day.

The prospect of additional supply has given sellers a reason to push. Technically, that push has taken WTI below an important recent floor. The question now is whether sellers can keep the price below that…

• Prior month factory orders 0.8% down from 0.9% previously

• Factory orders: +0.1% vs +0.1% expected. Prior +0.9% revised to 0.8%.
• Factory orders excluding transportation: +0.3%. Prior +0.7%.
• Durable goods orders: revised to −0.1% from 0.0% initially reported.
• Durable goods excluding transportation: revised to +0.2% from +0.3%.
• Durable goods excluding defense: revised to 0.0% from +0.1%.
• Nondefense capital goods orders excluding aircraft: +1.6%, unchanged from the preliminary reading.

US factory orders increased 0.1% in August, matching expectations but slowing from July’s 0.9% gain, according to the supplied release table. Orders excluding transportation increased 0.3%, down from 0.6% in the prior month.

The durable goods revisions were modestly…

US stocks are trading higher as slower jobs gains for the month of September reduces the pressure on the Fed to raise rates again.

The market’s initial reaction suggests investors are giving more weight to relief on interest rates than to the slowdown in hiring.

• Payrolls increased just 29,000, while July and August were revised lower by a combined 60,000. That points to weaker hiring momentum.
• Average hourly earnings rose only 0.1%, with annual wage growth at 3.0%, suggesting less inflation pressure from wages.

For stocks, the transmission comes through lower Treasury yields. Lower yields reduce the rate investors use to value future corporate earnings, supporting stock valuations—particularly technology and growth shares. They also ease…