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Late gains helped the US main stock benchmarks to close in positive territory for the week after they briefly hit correction territory (down more than 10% from recent highs). The small-cap Russell 2000 Index lagged and ended the week down nearly 20% from its November peak, leaving it just outside of a bear market.

Rising interest rate fears and growth worries pushed the S&P 500 Index to its biggest decline since October 2020. US small caps and the Nasdaq declined the most.

Inflation and rate worries weighed on US equity large-caps indices as earnings season begins. The technology-heavy Nasdaq Composite recorded its third consecutive weekly loss.

The S&P 500 reached a new high on Monday but then backed away as longer-term bond yields increased. Sentiment took a notable turn for the worse on Wednesday afternoon following the release of Fed minutes.

What a year! Global covid cases at record high, US inflation at 39 year high and the fed on track to raise rates by 6 times in the next 2 years.

October offers treats to investors this year  Recorded strong gains in October. Please find below the 10 stories to remember from an eventful month.

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