In trading on Oct. 10, the main U.S. stock index, the S&amp;P 500, was down 2% at the moment, the Dow Jones Industrial was down 1.3% and the Nasdaq Composite was losing about 2.5%. The "Magnificent Seven" stock index tracked by Bloomberg lost about 2.3%, and the VIX volatility index, known as a gauge of Wall Street fear, soared 35% to above 22 points. A level above 20 points is considered psychologically important for the VIX: a value less than that suggests low volatility.

U.S. indexes fell the most since April. Trump's threats took traders by surprise

Contracts for delivery of Mark Brent oil at the auction on October 10 fell by almost 4% - to $62.5 per barrel. Quotes of American oil West Texas Intermediate (WTI) also went down by more than 4% to $58.7 per barrel, which was their lowest since Ma. Both Marks approached one of the lowest price levels since the beginning of the pandemic,<a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-10-10-2025/card/this-is-some-of-the-cheapest-oil-since-the-pandemic-3Ib1AIOdXrLsmNXSu0Oi?mod=lctimeline_finance"> notes</a> The Wall Street Journal.

Oil prices collapsed 4% amid worsening US-China trade relations

US President Donald Trump's threat to significantly increase duties on imports of Chinese goods has sharply increased the level of fear in the stock market. The VIX volatility index, also known as the fear index, soared 35% to 22.18 points during trading.

"Wall Street's 'fear index' soars after Trump threatens to raise duties against China

MP Materials Corp.

USA Rare Earth, Inc.

Energy Fuels Inc.

Shares of rare earth metals companies soared on Friday, October 10. MP Materials rose 15%, USA Rare Earth 19%, NioCorp Developments almost 14%, and uranium producer Energy Fuels more than 10%.

Rare earth stocks soar after Trump threatens China with higher tariffs

Trump's statement heralds "a new round of trade tensions between the world's two largest economies," Bloomberg notes

Trump threatened China with higher duties over rare earth metals

The Israeli government has endorsed U.S. President Donald Trump's plan for a ceasefire in the Gaza Strip and the release of hostages, the office of Israeli Prime Minister Benjamin Netanyahu <a href="https://x.com/IsraeliPM/status/1976414973493641661">announced</a> on the morning of October 10. According to the statement, the agreement with Hamas calls for the release of all Israeli hostages, "both living and dead."

Israel approves deal with Hamas for Gaza ceasefire and hostage release

Exxon Mobil Corporation

Chevron Corporation

Shell plc

The fall in oil prices is also supported by the strengthening of the dollar

Oil got cheaper after Trump's statement on Israel and Hamas. Will the effect last?

Hamas will release hostages and Israel will withdraw to agreed positions

Israel and Hamas accept first phase of U.S. Gaza peace plan - Trump

Wanting to reduce the U.S. trade deficit and U.S. dependence on foreign capital, Trump has delivered big gains for emerging markets

Make Emerging Markets Great Again: How Trump Launched an Emerging Markets Rally

Tesla, Inc.

Stellantis N.V.

Amazon.com, Inc.

Palantir Technologies Inc.

Constellation Brands, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: political uncertainty remains in focus

Fermi Inc.

Neptune Insurance Holdings Inc.

Chip developer Cerebras, which competes with Nvidia, has withdrawn its IPO application days after a new funding round. European security company Verisure will next week launch Europe's biggest IPO since the start of 2025. Shares in Trump's would-be nuclear power plant operator soared in debut trading in New York. The British cabinet is preparing to abolish a trading tax on shares of newly listed companies to revitalize London's listing market. The main events on the IPO market during the week are in our selection.

Nvidia competitor doesn't go public and listing of the year in Europe: what's important about IPOs by Oct. 5

NVIDIA Corporation

Alphabet Inc.

Berkshire Hathaway Inc.

This week Elon Musk became the first person whose fortune reached $500 billion, and on Friday it became known that Tesla shareholders are not ready to pay him a $1 trillion reward. Nvidia shares hit an all-time high, raising the company's capitalization above $4.5 trillion. Alphabet's stock posted its best quarter in 20 years, with the company's market value temporarily exceeding $3 trillion thanks to advances in Elon and a successful ruling in an antitrust case. You can read about the main events from September 29 to October 3 in our review.