Bitget UEX Daily | Nasdaq Leads Tech Gains; Consumer Confidence Rebounds; Fed Decision Approaches (October 28, 2026)

Bitget UEX Daily | Nasdaq Leads Tech Gains; Consumer Confidence Rebounds; Fed Decision Approaches (October 28, 2026)

US equities reflect the October 27 regular-session close. Crypto prices are as of 09:09 Beijing time on October 28, with rolling 24-hour changes. Commodities and the dollar index are morning intraday snapshots.

I. Hot News Highlights

US Economy | Capital Goods Data Point to Resilient Equipment Investment

September US nondefense capital goods orders excluding aircraft rose 0.5% month over month, while related shipments increased 1.2%. Orders indicate prospective demand; shipments more directly inform current equipment investment.

Market impact: Business investment supports parts of the industrial and technology supply chains. Further evidence is needed that orders translate into sustained deliveries and cash collection across industries.

Consumer Sentiment | October Confidence Rises to 91.7

The Conference Board’s US Consumer Confidence Index rose to 91.7 in October from a revised 84.2 in September. The Expectations Index stood at 72.6, suggesting continued caution about the outlook despite the headline improvement.

Market impact: Better sentiment eases concerns about an abrupt consumer slowdown. Retail, travel and consumer finance still need confirmation from spending and repayment data.

Monetary Policy | Fed Decision and Major Tech Earnings Draw Near

The Fed’s October 27–28 meeting concludes with a decision at 02:00 Beijing time on October 29, followed by a press conference at 02:30. Microsoft and Alphabet also report after the October 28 US close.

Market impact: Investors will assess interest-rate guidance alongside cloud growth, AI spending and free cash flow. Consistency between investment commitments and earnings delivery matters for valuations.

II. Market Review

Commodities and Foreign Exchange

Elevated oil prices remain relevant to inflation and corporate margins. A Treasury yield near 5% leaves technology valuations sensitive to policy guidance. Gold requires attention to both the dollar and real yields. These snapshots do not establish daily price direction.

Cryptocurrency Performance

• BTC: Approximately 80,683.13 USDT, up 0.50% over 24 hours.
• ETH: Approximately 2,344.60 USDT, up 0.63% over 24 hours.
• Total crypto market capitalization: Approximately $2.72 trillion, down 2.00% over 24 hours; independently updated at 09:01 Beijing time.

BTC | Liquidation Zones

A notable potential short-liquidation cluster lies around $81,200–$81,700, approximately 0.77%–1.39% above the current price. The potential long-liquidation cluster around $78,700–$79,300 is approximately 1.59%–2.34% below; the upper zone is closer, making short deleveraging worth watching if prices advance.

ETH | Liquidation Zones

A notable potential short-liquidation cluster lies around $2,365–$2,380, approximately 1.00%–1.64% above the current price. The potential long-liquidation cluster around $2,275–$2,305 is approximately 1.57%–2.85% below; proximity to the upper zone does not establish breakout direction.

Institutional Cost Basis | BTC

Glassnode’s October 21 report, using data through October 19, estimated the aggregate cost basis of tracked corporate BTC treasuries at approximately $80,200; BTC is about 0.48% above it. Strategy’s October 26 disclosure reported 848,517 BTC through October 25 at an average cost including fees of approximately $75,446; BTC is about 6.81% above that level. These are unleveraged coin-price differences relative to holding costs.

Market Takeaway

Watch BTC between the $80,200 cost reference and the liquidation zone starting near $81,200. A drop below the cost reference would bring $78,700–$79,300 into focus. The cost reference and lower zone are relatively close, without constituting validated support; for ETH, watch whether trading can be sustained around $2,365–$2,380.

Major US Indices

The Nasdaq outperformed while the Dow was nearly flat, indicating stronger gains in technology and growth shares. Broader participation remains an important test as policy and earnings catalysts approach.

Magnificent Seven

The group recorded five gainers and two decliners. Tesla led, while Meta fell. Microsoft and Alphabet’s upcoming reports will help test cloud momentum and returns on AI spending.

Sector Watch

Fintech: SoFi rose 13.42% alongside its quarterly results and higher full-year guidance. Profitability and monetization are becoming more important alongside customer growth.

Logistics: UPS gained 5.75%. Its results offer evidence on pricing, business mix and efficiency; revenue growth should still be distinguished from shipment-volume growth.

Crypto-linked equities: Coinbase rose 0.93% and Strategy gained 1.13%. Their equity closes and continuously traded crypto snapshots represent different times.

III. In-Depth US Equity Analysis

SoFi | Earnings Improve Visibility on Execution

Event overview: SoFi closed at $16.40, up 13.42%, on October 27. Third-quarter adjusted net revenue was approximately $1.4 billion, up 44% year over year; GAAP net income was approximately $241 million. Management raised full-year guidance.

Market interpretation: Revenue growth and sustained profitability improve business visibility. Durable performance depends on growth quality and credit costs.

Investment implications: Monitor revenue from new customers, loan performance and guidance execution. One quarter’s growth rate should not be extrapolated indefinitely.

UPS | Results Put Unit Revenue and Efficiency in Focus

Event overview: UPS closed at $106.09, up 5.75%, after reporting third-quarter revenue of $22.9 billion and adjusted EPS of $1.69. US revenue per piece increased 6.1% year over year.

Market interpretation: Better unit revenue can absorb cost pressure, although pricing and business mix may contribute. Package demand requires separate confirmation.

Investment implications: Watch peak-season volumes, adjusted margins and cash generation to assess durability.

Robinhood | After-Hours Results Show Crypto Weakness

Event overview: After the October 27 close, Robinhood reported third-quarter net revenue of $1.42 billion, up 12% year over year. Crypto revenue fell 55% to $120 million, while GAAP net income fell 14% to $476 million.

Market interpretation: Other businesses supported revenue despite crypto weakness. The announcement occurred after regular trading and cannot explain that session’s performance.

Investment implications: Watch crypto activity and whether newer businesses can offset costs and earnings pressure.

IV. Market & Project Updates

Broadcom-Related AI Financing | $63 Billion Structure Supports Future Capacity

On October 26, Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion transaction. A new SPV will acquire Broadcom XPU accelerators and networking solutions for lease to Anthropic, with deliveries expected to begin in 2027.

The structure improves financing visibility for future capacity. Its headline value is not recognized revenue; delivery, utilization and residual-value support remain relevant.

Robinhood International Expansion | Dubai Authorization Ahead of Planned 2027 Rollout

Robinhood disclosed DFSA authorization covering trading and custody across ten approved asset classes, including equities and crypto, with a regional product rollout planned for 2027.

Authorization supports expansion, while revenue depends on launch execution and customer acquisition.

V. Today’s Market Calendar

Includes tonight’s US session and events extending into the following Beijing morning. Importance ratings are editorial.

Event preview: Assess the Fed’s growth, inflation and policy outlook, then whether technology earnings can justify financing costs and capital spending. For crypto, watch how potential liquidation zones change around the announcements.

Institutional perspective: The Conference Board’s October 27 survey noted persistent inflation concerns and plans to reduce some services and durable-goods spending over the next six months despite improved confidence. Sentiment recovery and actual demand therefore need separate confirmation.

For market information and research purposes only; not investment advice.