Investment Week at a Glance
Stocks finished mixed last week. The Dow Jones Industrial Average was up 0.5%, the S&P 500 was down 2.0%, and the NASDAQ was down 4.4%. Foreign stocks (MSCI EAFE) were up 1.4% for the week. Bond prices were also up for the week, with the 10-year U.S. Treasury yield ending the week at 5.08%. (Data source: Wall Street Journal)
Inflation Accelerates to 3.7% In September, Increasing the Probability of a Rate Hike
On Wednesday, October 14th, the Bureau of Labor Statistics reported inflation data for the month of September. Inflation came in hotter than expected, with the Consumer Price Index (CPI) rising 0.6% in the month. Additionally, the annualized inflation rate rose to 3.7%. Higher gasoline prices were a major contributor to the headline increase, but price pressures showed up across several other categories as well. This inflation report makes it far more likely that the Federal Reserve will raise interest rates again at its next FOMC meeting at the end of this month (Bureau of Labor Statistics).
US Retail Sales Beat Expectations as Consumer Spending Remains Resilient
The US Census Bureau reported retail sales data last Thursday, and September sales showed clear signs of consumer resilience. For the month, sales totaled $745 billion, up 0.8% from August. Sales were also up 6.3% since September of 2025. The retail sales data demonstrates continued consumer resilience despite high inflation and higher interest rates in the US economy. However, much of September’s retail sales growth was driven by higher gas prices, while the retail control group excluding automotive and gasoline only increased 0.2% (US Census Bureau).
Visa Stock Up Over 16% in 2026, As the Stock Trades at an All-Time High
Visa (V), the US leader in payment processing, continues to benefit from strong consumer spending and a shift towards more digital payments in the economy. The stock is up over 16% this year as the company’s earnings continue to grow and Visa expands its reach globally. Recently, the share price eclipsed $400 and remains near its all-time high of $404.74. Visa is set to report earnings again on October 27th, and analysts estimate earnings per share of $3.43 for the company. Interestingly, Visa’s earnings will also give investors a valuable look into consumer spending trends across most of the US economy (CNBC).
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Quiz
Which private company is expected to go public in November? (Scroll Down for Answer)
- SpaceX
- Anthropic
- OpenAI
- Databricks
Answer:
2. Anthropic. The parent company of Claude is expected to go public by the end of November. In the IPO, the company hopes to raise around $100 billion with a valuation of somewhere between $1.5 and $2.0 trillion. Many expect Anthropic to be the largest IPO ever. Currently, SpaceX holds the record for the most valuable company at its IPO at $1.77 trillion, which occurred earlier this year.
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