01｜U.S. tech stocks come under renewed pressure
The Nasdaq fell 0.91% on Friday, the S&P 500 declined about 0.4%, while the Dow rose 0.1% against the trend. The tech sector remained the market’s main source of pressure.
02｜Nvidia logs sixth consecutive weekly decline
NVDA fell about 2% again on Friday. Uncertainty following management changes continued to weigh on market confidence.
03｜AMD and Broadcom tumble in tandem
AMD fell about 8.8%, while Broadcom dropped about 4.8%. The correction in AI chip stocks is broadening.
04｜AI cloud computing stocks under pressure
CoreWeave and Nebius fell nearly 9% at one point during Friday’s trading. The market is reassessing the financing risks of AI infrastructure.
05 | Rumors about Nvidia successor draw attention
Reports said Arm CEO Rene Haas is a potential successor, but no appointment has been made official.
06 | U.S. stocks end their multiweek losing streak
The S&P 500 rose about 2.5% this week, while the Nasdaq gained 2.3%. Friday's pullback in technology stocks did not erase the major indexes' gains for the week.
07 | U.S. inflation continues to shape rate expectations
The October PPI released the previous evening rose 6.5% year over year. Overnight, markets continued to assess the possibility of further Fed rate hikes.
08 | U.S. Treasury yields rise
A higher-rate environment continues to weigh on growth stock valuations, with markets watching Treasury yields and the dollar.
09 | Brent crude closes at $95.84
International oil prices were broadly flat on Friday, but still fell about 2.5% for the week as concerns about a potential supply glut drew attention.
10 | IEA expects oil markets to swing back into surplus
Analysts expect global supply to exceed demand by an average of about 1.7 million barrels per day in the fourth quarter. Oil markets continued to digest this outlook overnight.
11 | Middle East risks remain
The security of shipping through the Strait of Hormuz remains a key source of uncertainty for crude markets. Actual changes in supply are more important to watch than rumors.
12 | FAA issues sudden nationwide ground stop
Due to air traffic control communication problems, all U.S. flights awaiting departure were ordered to remain grounded, while flights already in the air were allowed to land.
13 | Airline stocks hit by sudden disruption
The FAA ground stop weighed on sentiment in the airline sector as markets awaited the resumption of flights and assessments of operational losses.
14 | U.S. aviation infrastructure faces pressure to modernize
The government had previously proposed an additional $30.1 billion in modernization funding. The latest communications failure again highlights the importance of upgrading the system.
Market Overview
Nasdaq Composite
-0.91%
25,136.27 points
S&P 500
-0.40%
7,561.67 points
Dow Jones Industrial Average
+0.10%
52,347.55 points
Brent crude
$95.84
+0.02% · USD/barrel
Market risk appetite: cautious to subdued, with mixed performance across sectors. Technology and AI-related stocks faced considerable selling pressure, while the Dow remained relatively stable. Oil markets focused on the interplay between supply glut concerns and Middle East geopolitical risks. Over the weekend, watch for changes in Fed policy expectations, further announcements from Nvidia management, developments in the FAA ground stop, and whether the crypto market sees further deleveraging.