United States
The S&P 500 closed at $7,575.26, up 0.50% for the week, while the Nasdaq advanced 0.61% to $26,281.61. The Dow Jones Industrial Average declined 0.79% to $52,637.09, and the Russell 2000 fell 0.98% to $2,980.13. Large-cap tech stocks drove the week's gains, with smaller equities underperforming.
Meta (META) surged 11.49% to $669.26 following commentary on cloud infrastructure opportunities. Nvidia (NVDA) gained 7.84% to $210.88, and Broadcom (AVGO) rose 6.98% to $399.99. The administration eased export controls for artificial intelligence chips destined for the United Arab Emirates, a move Senator Elizabeth Warren criticized as corrupt. Coinbase (COIN) fell 5.82% to $159.05, and Netflix (NFLX) declined 3.49% to $73.37.
Berkshire Hathaway (BRK.B) reached a record cash position of $397 billion, though its stock underperformed the S&P 500 this week. A hedge-fund trading strategy blamed for significant market disruption in 2024 has resurged, according to Goldman Sachs analysis. Saipem and Subsea 7 face European Union antitrust scrutiny over their proposed merger.
Italy
The FTSE MIB declined 0.65% to €52,614.17. Leonardo (LDO.MI) fell 5.64% to €51.82, Stellantis (STLAM.MI) dropped 3.72% to €4.83, Moncler (MONC.MI) slid 2.35% to €49.94, and STMicroelectronics (STMMI.MI) retreated 2.28% to €62.02. Italian equities lagged their US counterparts as sector-specific weakness offset any benefit from stabilised European sentiment.
Week ahead
Banking earnings and select technology results remain in focus. Major economic releases and corporate guidance will shape positioning through mid-week.