01｜Nasdaq rebounds, but weekly trend remains weak
The Nasdaq rose 1.09% on Friday but fell 3.4% for the week, marking its fourth consecutive weekly decline. The recovery in tech stocks has yet to confirm a trend reversal.
02｜S&P 500 posts its worst weekly performance in over a year
Rebounded 0.31% on Friday, but fell 2.7% for the week. AI valuations and interest rate expectations continued to weigh on the market.
03｜Dow and Nasdaq diverge
The Dow fell 0.46% on Friday, while the Nasdaq rose 1.09%. The rebound in tech stocks has yet to lift the broader market.
04｜Semiconductor index rebounds 4.2%
The Philadelphia Semiconductor Index rebounded after plunging more than 12% the previous day, as short-term investors bought back in, but it has yet to recoup its losses.
05｜AMD rebounds strongly
AMD rose about 11%, while Nvidia gained about 2.8%. AI chip stocks recovered, but volatility risks remain high.
06｜Fed rate hike expectations rise
Strong nonfarm payrolls prompted markets to increase bets on a December rate hike. Interest rate expectations have once again become a key factor in tech stock valuations.
07｜Dollar and Treasury yields climb
After employment data exceeded expectations, the dollar rose and the 10-year Treasury yield climbed, weighing on gold and growth stocks.
08｜Gold pulls back, but remains strong for the week
Gold futures settled at $4,064.50, while spot gold rose about 5.2% for the week.
09｜Brent crude plunges for the week
Brent settled at $98.32 per barrel, down about 13% for the week. Expectations of diplomatic easing and shipping risks in the Middle East remain in contention.
10｜Airbnb gains against the trend
The company raised its full-year revenue growth outlook, giving its share price a clear boost. The ability to deliver earnings has become an important criterion for investors.
11｜Atlassian shares fall
Software company Atlassian fell about 16%, highlighting diverging valuation and growth expectations within the tech sector.
12｜BTC briefly falls below $75,000
BTC rebounded after briefly falling below $75,000 on Friday. ETF fund flows and the pullback in U.S. tech stocks remain areas to watch.
【Market overview for this period】
U.S. tech stocks rebounded, with the Nasdaq up 1.09%, the S&P 500 up 0.31%, and the Dow down 0.46%. The semiconductor index rose about 4.2%, while the Nasdaq fell for a fourth consecutive week. Strong nonfarm payrolls pushed the dollar and Treasury yields higher, while gold futures pulled back to $4,064.50. Brent settled at $98.32, down about 13% for the week. BTC briefly fell below $75,000. Markets remain highly volatile, and risk appetite has yet to recover fully.