Market Wrap 10/31: October S&P, Energy, Gilead

The video discusses the performance of S&P 500 sectors in October, highlighting significant declines in sectors like materials, industrials, and energy due to trade tensions and oil price drops. Major companies like Amazon and Home Depot also faced substantial losses. The energy sector, particularly McDermott International, experienced severe setbacks. Gilead Sciences faced challenges due to market concerns over competition in HIV medications. Overall, October was a bearish month for the market, with limited buy-the-dip activity.

What overall trend was observed in the S&P 500 for the month of October?

What concerns were raised regarding Gilead Sciences and its market position?