Capital.com Research Team

The stock market is more concentrated than it's ever been. The top 10 biggest US companies now make up nearly a quarter of the entire global equity market.

Look at Tesla's stock price since 2010 and a clear pattern emerges. Since its IPO 15 years ago, Tesla's stock price has experienced three prolonged periods of stagnation and two major breakouts in between.

Stocks recovered on 5 November, with the S&P 500 rising by about 40 basis points.

The ADP jobs report on Wednesday, 5 November, at 8:15 a.m. Eastern Time is expected to show that hiring in October improved, rising by 25,000 jobs — a significant improvement from the September reading, which showed a decline of 32,000 jobs.

The S&P 500 finished the day unchanged, even though the Fed cut rates by 25 basis points.

The next couple of days will be a defining moment for US equity markets and markets globally, with the Fed, the BOJ, and the ECB all making monetary policy announcements and decisions.

The S&P 500 rallied about 1% on the day. This came as implied volatility, as measured by the VIX 1-Day, fell sharply from an elevated level on Friday, 24 October.

Big Tech Earnings Set to Steer US Markets into Year-End.

The S&P 500 finished the day higher by around 60 bps but, for the second time this week, failed to surpass the 6,750 level.

Gold and silver continued to experience considerable volatility during trading on Wednesday, 22 October, with both metals seeing notable intraday fluctuations.