Bitget UEX Daily Report | Nasdaq Leads Technology Market; Consumer Confidence Significantly Rebounds; Federal Reserve Decision to be Announced Soon (October 28, 2026)

I. Selected Hot News

U.S. Economy | Core Capital Goods Orders Increase, Equipment Investment Remains Resilient

In September, U.S. non-defense core capital goods orders, excluding aircraft, increased by 0.5% month-on-month, with related shipments rising by 1.2%. Orders reflect future demand, while shipments are more directly related to current equipment investment.

Market Impact: Corporate investment still has support, which is beneficial for revenue expectations in industrial equipment and some technology supply chains; however, this cannot be used to infer that demand is improving across all industries. Future observation is needed to see if order growth can translate into sustained shipments and cash collections.

Consumer Sentiment | October Consumer Confidence Rises to 91.7

The Conference Board announced that the U.S. consumer confidence index rose to 91.7 in October, up from a revised 84.2 in September. The expectations index is at 72.6, indicating an overall warming of sentiment, but judgments about the future remain relatively cautious.

Market Impact: Improved confidence helps alleviate concerns about a rapid weakening of consumption. For retail, travel, and consumer finance, the next step will still depend on actual spending and repayment performance; sentiment data itself does not equate to accelerated consumption.

Monetary Policy | Federal Reserve Decision and Tech Earnings Enter Intensive Window

The Federal Reserve meeting will be held from October 27 to 28, U.S. time, with the decision to be announced at 02:00 Beijing time on October 29, followed by a press conference at 02:30. Microsoft and Alphabet will also disclose their earnings after the market closes on the 28th.

Market Impact: The interest rate path and AI investment returns will be tested simultaneously. The market will not only focus on policy decisions but will also compare the consistency between central bank statements, cloud business growth, capital expenditures, and free cash flow.

II. Market Review

Commodity and Forex Performance

| Commodity | Reference Price | Data Source | |-----------|----------------|-------------| | Gold | $4,076.50/oz | December futures, 08:59 Beijing time | | Silver | $54.470/oz | December futures, 08:59 Beijing time | | WTI Crude Oil | $100.43/barrel | December futures, 08:59 Beijing time | | Brent Crude Oil | $109.82/barrel | December futures, 08:57 Beijing time | | U.S. Dollar Index | 102.367 | 08:59 Beijing time | | U.S. 10-Year Treasury Yield | 4.993% | U.S. time reference at market close on October 27 |

Oil prices remain at high levels, and the impact of energy costs on inflation and corporate profit margins deserves continued attention. U.S. Treasury yields are close to 5%, indicating that even if tech stocks rise, valuations remain sensitive to interest rate statements; gold needs to be observed in conjunction with changes in the dollar and real interest rates. The above is a snapshot of quotes and should not be used to judge the direction of daily price movements.

Cryptocurrency Performance

• BTC: Approximately 80,683.13 USDT, up 0.50% in 24 hours.
• ETH: Approximately 2,344.60 USDT, up 0.63% in 24 hours.
• Total cryptocurrency market cap: Approximately $2.72 trillion, down 2.00% in 24 hours; this update was at 09:01 Beijing time.

BTC | Liquidation Zone Observation

The upper area of significant short potential liquidation is approximately $81,200---$81,700, about 0.77%---1.39% away from the current price; the lower area of potential long liquidation is approximately $78,700---$79,300, about 1.59%---2.34% away. Currently closer to the upper area, if the price continues to rise, attention should be paid to the volatility brought by the unwinding of short leverage.

ETH | Liquidation Zone Observation

The upper area of significant short potential liquidation is approximately $2,365---$2,380, about 1.00%---1.64% away; the lower area of potential long liquidation is approximately $2,275---$2,305, about 1.57%---2.85% away. The upper end is closer, but proximity to the liquidation zone itself does not confirm the direction of a breakout.

Institutional Holding Cost | BTC

Glassnode released on October 21, tracking the comprehensive cost estimate of corporate BTC holdings as of October 19, at approximately $80,200, with the current coin price about 0.48% higher. Strategy disclosed on October 26 that as of October 25, it held 848,517 BTC, with an average cost including fees of approximately $75,446, with the current coin price about 6.81% higher than its cost; these ratios only indicate the unleveraged difference between coin price and holding cost.

Market Overview in One Sentence

First, observe the performance between the cost reference near $80,200 and the liquidation zone above $81,200 for BTC; if it falls back below the cost, then focus on the potential long liquidation zone of $78,700---$79,300. The cost reference is closer to the lower area but does not constitute a validated support; for ETH, the focus is on whether sustained transactions can occur near $2,365---$2,380.

Major U.S. Stock Index Performance

| Index | Closing Level | Change | |-------|---------------|--------| | Dow Jones Industrial Average | 52,377.57 | +0.03% | | S&P 500 Index | 7,722.60 | +0.60% | | Nasdaq Composite Index | 26,477.81 | +1.18% |

The Nasdaq clearly led the gains, while the Dow closed nearly flat, indicating that this round of increases is more prominent in the technology and growth sectors. With policy and earnings reports approaching, future observation is needed to see if the upward trend can extend to more industries.

Performance of the Seven Tech Giants

| Company | Closing Price (USD) | Change | |---------|---------------------|--------| | NVIDIA NVDA | 217.94 | +0.90% | | Apple AAPL | 347.10 | +0.93% | | Microsoft MSFT | 531.33 | -0.24% | | Alphabet GOOGL | 320.58 | +1.19% | | Amazon AMZN | 253.10 | +1.61% | | Meta META | 620.19 | -1.64% | | Tesla TSLA | 407.46 | +4.04% |

The seven giants had 5 gains and 2 losses, with Tesla leading the gains and Meta retreating. With Microsoft and Alphabet's earnings approaching, the growth rate of cloud services and the realization of AI investments will become important observation points for the next round of differentiation.

Sector Movement Observation

Fintech: SoFi rose by 13.42%, disclosing quarterly results and raising full-year guidance at the same time. Market focus is shifting from user growth to profitability and business monetization.

Logistics and Transportation: UPS rose by 5.75%, with quarterly results providing a window into pricing, business structure, and operational efficiency, still needing to distinguish between revenue growth and actual transportation volume changes.

Cryptocurrency-related Stocks: Coinbase rose by 0.93%, and Strategy rose by 1.13%. Individual stock closing performance differs from the snapshot of cryptocurrency assets traded throughout the day and cannot be directly viewed as a synchronous reaction.

III. In-Depth Analysis of Key U.S. Stocks

SoFi | Profit Growth Drives Business Realization Expectations

Event Overview: SoFi announced its third-quarter results on October 27, closing at $16.40, up 13.42%. Adjusted net revenue for the quarter was approximately $1.4 billion, a year-on-year increase of 44%; GAAP net profit was approximately $241 million, and the company raised its full-year guidance.

Market Interpretation: Revenue expansion and sustained profitability jointly improved the visibility of business realization. Whether the stock price can continue its strength depends on the quality of growth and whether credit costs can remain aligned.

Investment Insight: Focus on the revenue contribution from new users, loan performance, and guidance execution progress. Quarterly growth rates cannot be directly extrapolated as the growth rate for all future quarters.

UPS | Stock Price Rises Post-Earnings, Focus on Unit Revenue and Efficiency

Event Overview: UPS released its third-quarter results on October 27, with the stock price closing at $106.09, up 5.75%. Quarterly revenue was $22.9 billion, with adjusted earnings per share of $1.69; U.S. business revenue per package increased by 6.1% year-on-year.

Market Interpretation: Improvement in unit revenue helps buffer operational cost pressures, but its contribution may come from pricing and business mix. Whether revenue improvement is accompanied by a recovery in package demand still needs to be verified separately.

Investment Insight: Future focus on peak season transportation volume, adjusted profit margins, and cash flow realization to assess whether performance improvements are sustainable.

Robinhood | Post-Market Earnings Show Revenue Growth, Crypto Business Under Pressure

Event Overview: Robinhood disclosed its third-quarter results after the market closed on October 27: net revenue was $1.42 billion, a year-on-year increase of 12%; cryptocurrency revenue was $120 million, a year-on-year decrease of 55%; GAAP net profit was $476 million, a year-on-year decrease of 14%.

Market Interpretation: Total revenue growth coexists with a weakening crypto business, reflecting support from other businesses for revenue. This announcement was made after regular market close and cannot be explained by the regular trading performance of the day.

Investment Insight: Focus on whether the activity level of crypto trading can recover and whether the growth of new businesses can cover cost and profit pressures.

IV. Market and Project Dynamics

Broadcom-Related AI Financing | $63 Billion Structure Supports Future Computing Power Deployment

Bank of America, Blackstone, Citigroup, and Morgan Stanley announced on October 26 a $63 billion financing deal to purchase Broadcom's XPU accelerators and network solutions through a newly established SPV and lease them to Anthropic, with delivery expected to start in 2027.

This arrangement enhances the visibility of financing for future computing power deployment, but the scale of financing does not equate to confirmed revenue. Future tracking should monitor the impact of delivery, customer usage, and residual value support arrangements on risk allocation.

Robinhood International Expansion | Dubai Operations Authorized, Plans to Launch in 2027

Robinhood disclosed that it has obtained authorization from the Dubai Financial Services Authority, covering trading and custody of ten types of approved assets, including stocks and cryptocurrencies, with plans to gradually launch products in 2027.

Regulatory access creates conditions for regional expansion, but actual revenue contribution still depends on the progress of product launches, customer acquisition, and local operations.

V. Today's Market Calendar

The table below covers important events during tonight's U.S. stock trading session and their continuation into the early morning of the next day Beijing time. Attention levels are assessed by the editor.

| Beijing Time | Country/Region | Event | Market Attention Level | |--------------|----------------|-------|------------------------| | October 29, 02:00 | U.S. | Federal Reserve Interest Rate Decision | ★★★★★ | | October 29, 02:30 | U.S. | Federal Reserve Press Conference | ★★★★★ | | October 29, Early Morning, after the market closes on the 28th | U.S. | Microsoft Earnings Report | ★★★★★ | | October 29, 04:30 | U.S. | Alphabet Third Quarter Earnings Conference Call | ★★★★★ |

Key Event Outlook: First, observe the Federal Reserve's judgment on growth, inflation, and future policies, then see if tech earnings can provide sufficient profit growth to absorb financing costs and capital expenditures. For crypto assets, observe whether key liquidation zones change before and after the release of macro news.

Institutional View: A survey by the Conference Board on October 27 shows that while confidence is recovering, consumers are still concerned about inflation and plan to reduce spending on some services and durable goods over the next six months. This suggests that the market should separately validate emotional recovery and actual demand improvement.

This article only provides market information and research observations and does not constitute investment advice.