This week’s stock shocks as of 3rd October, 2025

Wall Street entered October on shaky footing after September’s late pullback, with all three major indexes continuing their losing streaks. A combination of sticky inflation data, mixed Fed messaging, and renewed trade anxieties kept volatility elevated. Sector rotations remained sharp, with defensives fading, energy rallying, and tech wobbling under earnings warnings. Investors are bracing for October’s notorious volatility as Q3 closes and earnings season prepares to kick off.

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Market recap 📊

The S&P 500 fell 0.7% this week, closing at 6,559.80, marking its fourth straight daily decline to start October. The Dow slipped 0.5% to 45,710, and the Nasdaq dropped 0.8%, led by renewed weakness in megacap growth names.

Tech’s rally reversal weighed heavily after Apple, Alphabet, and chipmakers faced profit-taking, while consumer retail shares stumbled on fading demand data. Energy and select industrials provided the few market bright spots, supported by global commodity demand and infrastructure optimism.

“Markets are struggling to digest macro uncertainty at the same time earnings season looms. The breadth of selling this week suggests risk-off has taken the upper hand,” said Morgan Tate, portfolio strategist at Centura Partners.

Fear & Greed Index: Neutral for now 😐