Among companies with a market capitalization of at least $10 billion, the largest growth last week was shown by Bloom Energy Corporation. Shares of the company, which produces energy generators, rose by 28.35% for the week (one share costs $111.50). Next comes Korea Electric Power Corporation, a leading South Korean electricity producer, with growth of 22.38% ($15.31). Rounding out the top three is Bunge Global SA, operating in the agricultural and food industry, with growth of 20.71% ($97.50).

Among large-cap companies, the biggest losses last week were suffered by Astera Labs, Inc., which develops chips for data centers — its shares fell by 22.51% ($159.80). Next is Nebius Group N.V., which provides cloud computing solutions, with a decline of 12.46% ($113.44). The top three losers are completed by Kratos Defense & Security Solutions, Inc., a supplier of military technologies and defense systems, with a drop of 12.16% ($83.12).

U.S. stock markets closed last week higher, as investor concerns about a trade war eased, and strong financial reports from the banking sector boosted confidence in the economy. The S&P 500 index rose by 1.7%, the Nasdaq by 2.1%, and the Dow Jones by 1.6%. The gold price, having reached a historic high at the beginning of the week, declined by 2.2%by the end, amounting to $4,230.60 per ounce. The reason — decreased demand for safe-haven assets amid reduced concerns about the banking system. For the same reason, U.S. Treasury yields increased: the yield on 10-year bondsreached 4.01%, and 30-year bonds — 4.60%. The U.S. dollar also strengthened, rising by 0.16% against a basket of major currencies.

This week, the U.S. stock market faces an important test: major companies are set to release quarterly reports, and the Consumer Price Index (CPI) for September will be published on Friday with a nine-day delay. These data will determine the Federal Reserve’s decision on the refinancing rate at the next meeting. Analysts forecast a rate cut of 0.25 percentage points.

Global equity funds attracted $2.17 billion last week, marking the fourth consecutive week of capital inflows. Inflows into bond funds slowed to $8 billion, but demand for government bonds rose to its highest level in the past five months. Investors withdrew $6.7 billion from money market funds, while gold funds showed an inflow of $2.8 billion.

Shares of EssilorLuxottica, the manufacturer of the Ray-Ban brand, rose by 14%, reaching an all-time high and increasing the company’s market value by $20 billion. This was driven by high demand for Ray-Ban Meta smart glasses, developed jointly with Meta Platforms. Analysts predict that by 2035, the company will sell about 60 million smart glasses.

Shares of pharmaceutical company Novo Nordisk fell after U.S. President Donald Trump stated that the price of the drug Ozempic should be “much lower” — $150 instead of the current $1,000. Novo Nordisk shares fell by 6.3%, Lillyby more than 3%, and Zealand Pharma by 7%. Investors fear that the new U.S. pricing policy could reduce the profitability of manufacturers of weight loss and diabetes drugs.

Shares of Man Group (EMG.L), an investment management firm, reached a six-month high, rising by 2.6% after the company reported a 22% increase in assets under management over the year — to a record $213.9 billion.

Oracle announced that cloud infrastructure revenues will reach $166 billion in the 2030 fiscal year, accounting for about 75% of total sales. The company expects total revenue of $225 billion and earnings per share (EPS) of $21, exceeding analysts’ expectations. After the announcement, Oracle’s shares rose by 3%, but later fell by about 2%during subsequent trading.

On October 14, 2025, government bonds worth 19.4 billion drams were placed on the Armenian securities market, with maturity on October 29, 2054. Four participants took part in the public auction, with a total bid volume of 26.9 billion drams. The weighted average price of the placed bonds was 92.6530 drams, and the yield was 9.9784%.

On October 20, 2025, government bonds worth 5 billion drams were placed on the Armenian securities market, with maturity on August 3, 2026. Four participants took part in the public auction, with a total bid volume of 15.4 billion drams. The weighted average price of the placed bonds was 94.1338 drams, and the yield was 7.8442%.

The U.S. budget deficit for the 2025 fiscal year decreased by $41 billion, reaching $1.8 trillion. This was due to an increase in revenue from new customs tariffs introduced by President Donald Trump and a reduction in education spending. Customs revenues reached a record $195 billion, an increase of $118 billion compared to last year. Total budget revenues amounted to $5.235 trillion (up 6%), and expenditures — $7.01 trillion (up 4% from last year).

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