During the week of October 14th to October 18th, the three major indexes of the US stock market all rose for the sixth consecutive week, with the S&P and the Dow setting a new record for the longest weekly gain this year.

Specifically, this week, the Dow rose by 0.96%, the S&P large cap rose by 0.85%, and the Nasdaq rose by 0.80%. In addition, the Russell small cap index performed even better, rising by 1.94% this week.

In terms of commodities, the uncertainty of the US election and increased expectations of more lenient monetary policies have boosted the spot price of gold to hit historic highs for two consecutive days on Thursday and Friday, with a total weekly increase of about 2.4%. Silver prices surged by 6% on Friday, breaking above $33 for the first time since December 2012, with a total weekly gain of about 7% to its highest level in nearly twelve years.

The oil market performed poorly this week. With the US pushing for a Gaza ceasefire, US oil fell by over 8% for the whole week, ending a two-week rally, while Brent oil fell by nearly 7%, marking the biggest weekly decline since September 2nd.

The US dollar backed off from an 11-week high, but still rose by about 0.6% for the whole week and experienced a three-week rally. The Euro and the Yen rebounded, moving away from an 11-week low but ending the week with a decline. The offshore RMB hovered near a one-month low this week.

Both the 10-year US Treasury yield and the 2-year short-term bond yield saw slight declines for the whole week.

Real estate sector led the US stock market this week, followed closely by sectors such as banks and finance.