United States
The S&P 500 (^GSPC) closed Friday at $7,674.37, down 0.91% for the week. The Nasdaq (^IXIC) slipped 1.74% to $26,180.46, while the Dow Jones (^DJI) edged down 0.34% to $53,277.01. The Russell 2000 (^RUT) fell 1.30% to $3,017.87. Trading ranged narrowly across the week, with the S&P 500 oscillating between $7,639.01 and $7,790.68.
Coinbase (COIN) led gainers with a 23.87% weekly surge to $186.49. Tesla (TSLA) climbed 6.94% to $362.86 after receiving clearance for a Las Vegas robotaxi launch. Netflix (NFLX) gained 4.70% to $79.59. Semiconductor names retreated: AMD (AMD) fell 6.47% to $473.25 and Broadcom (AVGO) dropped 6.11% to $368.45.
Boeing's (BA) engineers and technical workers rejected a contract offer on Friday. Tesla recalled 3 million vehicles in China over doorhandle safety and driver monitoring defects, though the stock's weekly advance remained intact. Bitcoin surged 22% for the week as investor optimism returned. Ray Dalio flagged an approaching debt crisis, recommending gold and bitcoin exposure.
Italy
The FTSE MIB (FTSEMIB.MI) closed at €52,668.00, down 1.71% for the week within a €52,547.00–€53,886.00 range. STMicroelectronics (STMMI.MI) led declines, falling 12.30% to €43.01. Leonardo (LDO.MI) slipped 3.99% to €57.33 and UniCredit (UCG.MI) dropped 2.17% to €82.82. Eni (ENI.MI) rose 3.26% to €24.55. Banking stocks held steady overall, though Stellantis rebounded 4% during the session.
Week ahead
Earnings season resumes with Nvidia's report; the PCE inflation data and the Jackson Hole Economic Symposium are on the calendar. Fed speakers and corporate guidance will likely guide positioning into early September.