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Independent ResearchWeek in Reviewcross-asset

Last week's most covered market stories, ranked by how widely they were reported and how far the market moved.

The columned facade of the former Pacific Coast Stock Exchange building at 301 Pine Street, San Francisco, 2021.
Source: DestinationFearFan, CC BY-SA 4.0, via Wikimedia Commons

Treasury Yields Fall as the Federal Reserve Meets

Short term Treasury yields retreated during the Federal Reserve policy meeting while deal activity propelled individual equities.

Octans ResearchPublished

The Week

The Federal Reserve policy meeting set the macro backdrop as the 2 year Treasury yield fell 8 basis points to 4.61%. Equity markets advanced broadly alongside significant acquisition interest in technology and restaurant chains. Meanwhile alternative assets including Bitcoin and gold posted weekly declines.

Coverage
Independent Research
Prepared by
Octans Research
How produced
AI drafted from cited sources, automated checks
Sector
cross-asset
Tickers
LITE · WEN · RDDT
As of

Market Data

Latest prices for the companies covered in this article
Company1D %Price
($LITE)▼ −9.40%761.66
($WEN)▲ +0.49%7.25
($RDDT)▲ +2.96%94.44

as of 10:25 ET · Realtime derived data

Top Stories, Ranked

1. The Fed. The 2 year Treasury yield fell 8 basis points from Oct 23 to Oct 29 to 4.61%. Thehindubusinessline reported that the Federal Reserve kicked off its two day policy meeting on Tuesday.

The 2 year yield fell 8 basis points from Oct 23 to Oct 29. Percent, daily, as of Oct 29, 2026. Line chart from Oct 29, 2025 to Oct 29, 2026. Marked: 12 month low, 3.38% on Feb 27, 2026. Marked: 12 month high, 4.92% on Sep 28, 2026. Marked: Fed meeting, 4.67% on Oct 28, 2026.
Source: Federal Reserve Bank of St. Louis (FRED)

2. The S&P 500. The S&P 500 rose 1.6% from Oct 23 to Oct 28 to 7,744. GuruFocus reported valuation debates following the advance.

The S&P 500 rose 1.6% from Oct 23 to Oct 28 to 7,744. Index level, daily, as of Oct 28, 2026. Line chart from Oct 28, 2025 to Oct 28, 2026. Marked: 12 month low, 6,344 on Mar 30, 2026. Marked: 12 month high, 7,819 on Oct 6, 2026. Marked: Equity rally, 7,677 on Oct 26, 2026.
Source: Federal Reserve Bank of St. Louis (FRED)

3. Lumentum. Lumentum rose 21% from Oct 23 to Oct 28 to $913.95. Bloomberg reported that Marvell is in advanced talks to buy the company.

Lumentum rose 21% from Oct 23 to Oct 28 to $913.95. US dollars per share, daily close, as of Oct 28, 2026. Line chart from Oct 16, 2025 to Oct 28, 2026. Marked: 12 month low, $158.06 on Oct 22, 2025. Marked: 12 month high, $1,133.40 on Oct 6, 2026. Marked: Acquisition talk, $913.95 on Oct 28, 2026.
Source: Tiingo end of day prices

4. Wendy's. Wendy's rose 16% this week to $7.21, its biggest weekly gain in at least a year. Reuters reported Nelson Peltz and partners offered $1.4 billion to buy the company.

Wendy's rose 16% this week to $7.21. US dollars per share, daily close, as of Oct 30, 2026. Line chart from Oct 20, 2025 to Oct 30, 2026. Marked: 12 month high, $9.33 on Oct 21, 2025. Marked: 12 month low, $6.10 on Oct 5, 2026. Marked: Takeover bid, $7.07 on Oct 28, 2026.
Source: Tiingo end of day prices

5. Bitcoin. Bitcoin fell 3.4% this week to $77,191. GuruFocus reported cryptocurrency markets faced a selloff during the Federal Reserve meeting.

Bitcoin fell 3.4% this week to $77,191. US dollars, daily, as of Oct 30, 2026. Line chart from Oct 30, 2025 to Oct 30, 2026. Marked: 12 month high, $110,536 on Nov 1, 2025. Marked: 12 month low, $58,586 on Jun 30, 2026. Marked: Crypto selloff, $80,056 on Oct 26, 2026.
Source: Federal Reserve Bank of St. Louis (FRED)

6. Reddit. Reddit fell 6.6% from Oct 23 to Oct 28 to $134.70. CNBC reported that the company gave a weak outlook.

Reddit fell 6.6% from Oct 23 to Oct 28 to $134.70. US dollars per share, daily close, as of Oct 28, 2026. Line chart from Oct 16, 2025 to Oct 28, 2026. Marked: 12 month high, $258.93 on Jan 13, 2026. Marked: 12 month low, $121.84 on Mar 27, 2026. Marked: Week start, $144.25 on Oct 23, 2026.
Source: Tiingo end of day prices

7. Gold. Gold fell 2.7% this week to $3,899. Financefeeds reported that the price slipped below $4,000 into a second monthly decline.

Gold fell 2.7% this week to $3,899. US dollars, daily, as of Oct 30, 2026. Line chart from Oct 30, 2025 to Oct 30, 2026. Marked: 12 month high, $5,318 on Jan 29, 2026. Marked: Gold pullback, $3,899 on Oct 30, 2026.
Source: Yahoo Finance

What Connects Them

Policy expectations surrounding the Federal Reserve meeting anchored fixed income trading as shorter maturity yields moved lower. That macro climate supported broad equity gains in the S&P 500 while corporate deal announcements generated outsized rallies in Wendy's and Lumentum. In contrast, alternative stores of value saw reduced interest as both Bitcoin and gold declined over the week. Disappointing corporate guidance also penalized select equities like Reddit despite the broader market advance.

Filings Week · How We Ranked

Filings Week. Notable SEC filings from the week, one line each, every figure matched to the text of the linked filing. • Sandisk (SNDK), Oct 29. Reported fiscal first quarter 2027 revenue of $11.0 billion, up 23% sequentially, GAAP net income of $8.1 billion, and diluted net income per share of $52.60. • Microsoft (MSFT), Oct 28. Reported first quarter revenue of $92.3 billion, up 19%, operating income of $45.9 billion, and GAAP net income of $36.6 billion, or $4.92 per diluted share. • Intel (INTC), Oct 29. Reported third quarter 2026 revenue of $16.5 billion, up 21% year over year, diluted earnings per share of $0.60, and forecast fourth quarter revenue of $15.0 billion to $16.0 billion. • Amazon (AMZN), Oct 29. Reported third quarter net sales of $201.9 billion, up 12% year over year, operating income of $28.1 billion, and net income of $20.7 billion, or $1.89 per diluted share. • Seagate (STX), Oct 27. Reported fiscal first quarter 2027 revenue of $4.2 billion, GAAP diluted earnings per share of $7.59, and increased the quarterly cash dividend by approximately 3% to $0.76 per share.

How we ranked. We counted, for Oct 26 to 30, 2026, how many distinct outlets in our news intake and how many of the X accounts we track covered each market story, then weighted that by how large the market move was compared with the market's usual weekly move over the prior year. Only stories tied to a tradable price or rate qualify. Market data: Tiingo end of day prices for stocks, FRED for Treasury yields, Yahoo Finance for futures, indexes, the dollar and crypto.

Chart

$LITE adjusted close, last 6 months $LITE adjusted close, last 6 months: series falling from 944 to 841 (−11%) from 2026-05-06 to 2026-10-30. Scale 600 to 1200. 60080010001200 2026-05-062026-10-30 $LITE ADJUSTED CLOSE, LAST 6 MONTHS −11% 840.7
Source: Tiingo · As of 2026-10-30Indicative, not investment advice.

Sources

  1. [1]GuruFocus — Federal Reserve Rate Hike Outlook Spurs Valuation Debate for SPY on October 27, 2026
  2. [2]Reuters — Japan's trend inflation index hits 3 year high, cements case for BOJ rate hike
  3. [3]Thehindubusinessline — COMEX gold futures were trading around $4,030, down 0.20 per cent, on Tuesday as the Federal Reserve kicked off its two day policy meeting, with investors awaiting guidance on the future rate path. COMEX silver fell harder, down 1 per cent to around $53.80, near its weakest level
  4. [4]GuruFocus — Is It Too Late to Buy Dow Inc (DOW) After 4.2% Rally? GF Value Says Undervalued
  5. [5]Unusualwhales — Stock Market Heatmap: S&P 500 Heat Map
  6. [6]Bloomberg — Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
  7. [7]Livemint — Marvell Lumentum deal: AI’s next bottleneck is moving data | Can an $83 billion bet pay off?
  8. [8]Bloomberg — Marvell is in advanced talks to buy data center optics maker Lumentum, according to sources, a potential megadeal amid the race to scale up in the artificial intelligence sector
  9. [9]Herokuapp — Marvell in Talks to Buy Lumentum
  10. [10]CNBC — Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain
  11. [11]Seeking Alpha — Wendy's jumps after Nelson Peltz's Trian makes $1.4B takeover offer (update)
  12. [12]Reuters — Billionaire Nelson Peltz and several partners offered to buy burger chain Wendy's for $1.4 billion, arguing that the struggling fast food chain needs a turnaround that would be best achieved out of the public eye
  13. [13]GuruFocus — Cryptocurrency Market Faces Selloff Amid Fed Meeting, Bitcoin Drops Below $80,000
  14. [14]Bloomberg — Bitcoin investors cheered as their favorite coin rebounded over the summer. With the turn of the season, they’ve been left with a nagging question: why did the rally fizzle out?
  15. [15]Financefeeds — The Bitcoin treasury company held 848,517 BTC as of October 25, acquired for approximately $64.02 billion at an average cost of $75,446 per coin, including fees and expenses, according to its October 26 Form 8 K filing. Strategy also made no sales through its at the market share
  16. [16]CNBC — Reddit stock plunges 30% after weak outlook, heads for worst day ever
  17. [17]Seeking Alpha — Reddit, Inc. (RDDT) Q3 2026 Earnings Call Transcript
  18. [18]Financialpost — Share this Story : Financial Post Copy Link Email X Reddit Pinterest LinkedIn Tumblr
  19. [19]Thehindubusinessline — Domestic gold futures rise to ₹1.43 lakh/10 gm on firm spot demand
  20. [20]Financefeeds — Gold Price Today: $3,987 on Friday as Gold Slips Below $4,000 Into a Second Monthly Decline, Bull $4,080, Bear $3,940
  21. [21]Kingworldnews — Yes, Jamie Dimon Said Gold Price May Hit $10,000
  22. [22]SEC EDGAR — Sandisk filing, Oct 29
  23. [23]SEC EDGAR — Microsoft filing, Oct 28
  24. [24]SEC EDGAR — Intel filing, Oct 29
  25. [25]SEC EDGAR — Amazon filing, Oct 29
  26. [26]SEC EDGAR — Seagate filing, Oct 27

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$1.4B

Reuters reported Nelson Peltz and partners offered $1.4 billion to buy the company · What we know

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