Pre-Market Report – Monday 28 October: US markets mixed | Big ten days to come

US equities ended mixed Friday as the Dow dropped 259 points (-0.61%), the NASDAQ  rose 0.56%, and the S&P 500 remained flat. Financial stocks came under selling pressure amid concerns over New York Community Bancorp's weak guidance, causing its shares to fall 8.2%, with Bank of America and Wells Fargo also lower, down 1.8% and 1.4% respectively. Tech stocks, however, were buoyed by anticipation of earnings next week, with Microsoft, Alphabet, and Meta rising modestly. Telsa gained 3.34% building on its 22% rally the day before and Nvidia rose 0.8% overtaking Apple as the most valuable company. For the week only the NASDAQ saw a gain, rising 0.15%, Dow down 2.68% and the S&P 500 eased nearly 1%.ASX SPI down 2.COMMODITIESChile's Codelco suspends operations at copper refinery after worker's death.Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse.Rio Tinto signs MOU with China's Nanjing Steel on decarbonisation.Gold firms as Mideast woes, election uncertainty lift prices.Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election.Zinc slides as inventory arrivals ease supply fears.Dalian iron ore climbs after 3-day slide, posts weekly gain.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.