On October 23, the Dow Jones Index fell by 1.5%, the S&P 500 Index decreased by 0.65%, and the Nasdaq Composite Index dropped by 0.29%.

On October 23, American Airlines fell by 5.6%, Southwest Airlines dropped by 4%, and JetBlue Airways decreased by 5%. Delta Air Lines declined by 4.7%, Alaska Air Group fell by 5.2%, and United Airlines dropped by 5.1%.

On October 23, U.S. storage stocks saw a broad increase, with SK Hynix and Micron rising over 3%, while SanDisk and Rambus gained over 2%.

The S&P 500 index fell by 0.45%, and the Nasdaq dropped by 0.3%. Semiconductor stocks showed mixed results, with SK Hynix rising by about 3%; Western Digital fell by approximately 3% after the company released its first-quarter financial report.

The White House stated on the 23rd that the United States successfully facilitated a ceasefire agreement between Russia and Ukraine in Oleshky. Both countries have agreed to temporarily halt all military operations in Oleshky to allow humanitarian supplies to enter and to arrange for civilians to evacuate through designated safe passages. The ceasefire will begin on October 29. (Xinhua News Agency)

On October 23, Nvidia turned lower in pre-market trading after having risen 1.5% earlier.

Brent crude oil has surpassed $115 per barrel, rising 1.6% during the day; WTI crude oil saw an increase of 2.0% during the day, reporting at $101.47 per barrel.

On October 23, Bank of America strategist Michael Hartnett stated in a recent client report that the current global market risk aversion may continue until mid-November. He emphasized a tactical caution towards risk assets until the uncertainties surrounding AI financing risks, pressure in the French bond market, and the U.S. midterm elections are alleviated. In terms of liquidity, although investors are shifting towards defensive positions, technology stocks remain crowded. EPFR Global data shows that technology stock funds recorded the largest inflow since July in the past week, while Bank of America's October fund manager survey indicates that global investors' allocation to technology stocks has reached its highest level since August 2020. Hartnett believes that if the credit spreads related to AI super cloud companies peak, it could signal an important improvement in risk appetite. He is also monitoring the yield on French 10-year government bonds and the France-Germany yield spread, as well as the policy uncertainties surrounding the U.S. midterm elections on November 3. Until these risks are re-priced, the market may maintain a defensive stance in the short term.

On October 23, according to monitoring by Lookonchain, a whale transferred a total of 4,000 BTC, worth approximately $327 million, to Binance and Deribit within the past 5 hours.

On October 23, QCP stated that credit risks related to AI infrastructure are accelerating in repricing. CoreWeave's bond yield has risen to about 15% this year, and its stock price fell by 10% on October 22, as the market begins to reassess high financing costs and debt sustainability. This pressure has spread from CoreWeave to the broader neocloud infrastructure sector, dragging down the performance of tech stocks and crypto assets, while pushing funds towards long-term US Treasuries. In Europe, the yield on France's 10-year government bonds has surpassed 5%, exceeding 5.1% on October 22, with the spread against German bonds widening to about 170 basis points, reflecting an increase in fiscal and credit risk premiums in the Eurozone. Meanwhile, geopolitical tensions in the Middle East have pushed Brent and WTI crude oil prices to five-month highs, further increasing inflation and monetary policy uncertainty. QCP noted that the market pricing for a rate hike by the Federal Reserve in October is close to zero, but confidence in a rate cut in December has also declined. Bitcoin continues to weaken alongside stocks and other risk assets, showing no independent trend, and currently reflects more of a macro risk appetite.