Gold prices declined below $4,000 an ounce on Friday, extending recent losses as stronger US inflation figures and renewed tensions in the Middle East increased expectations of further interest rate increases by the Federal Reserve. The precious metal was heading towards its second consecutive monthly decline.
Through Oct. 28, the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) have both climbed about 12% on the year. Meanwhile, the more conservative Dow Jones Industrial Average (DJINDICES: ^DJI) has increased 9.5%.
Much of this momentum can be traced to the artificial intelligence (AI) revolution.
“You are playing with fire.”
Warren Buffett used those five words to bluntly warn investors in a 2001 Fortune article. He preceded the warning with a discussion of his favorite market gauge, the ratio of total stock market capitalization to gross national product (GNP). This metric became popularly known as the Buffett indicator.
Through Oct. 28, the S&P 500 (^GSPC -0.30%) and Nasdaq Composite (^IXIC -1.38%) have both climbed about 12% on the year. Meanwhile, the more conservative Dow Jones Industrial Average (^DJI -0.25%) has increased 9.5%.
» Read more about: The stock market is approaching dangerous territory »
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If you own CoreWeave (CRWV), which rents out AI computing power, or are eyeing its 9.2% rise over the five sessions to October 29,
» Read more about: Is CoreWeave Stock Increasing Your Market Risk? »
Barclays upgraded Tesla to ‘Overweight’ on merger potential with SpaceX and Robotaxi progress.
Citi upgraded MercadoLibre to ‘Buy,’ viewing its recent share price drop as a buying opportunity.
Citizens downgraded Alphabet to ‘Market Perform,’ citing slower search growth.
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CNBC’s Jim Cramer is scared that the surge in semiconductor stocks could be setting up for a nasty pullback.
Compared with yesterday and last week, both purchase and refinance mortgage rates have fallen after the Fed decided to hold rates steady, according to Zillow rate data supplied to Yahoo Finance.
The average 30-year fixed purchase rate today, Friday, October 30, 2026, is 7.13%,
Every investor eventually faces the same question. If a stock market correction looks likely, should you stop buying stocks and wait until conditions improve? It feels like a reasonable question to ask. But history suggests it’s a very consequential one.
Corrections aren’t rare, and investors should expect them from time to time. According to Fidelity,