United States
The S&P 500 closed at $7,711.76, up 0.77% for the week, as technology stocks dominated gains. The Nasdaq advanced 1.63% to $26,402.42, while the Dow Jones edged forward 0.27% to $53,559.99. The Russell 2000 declined 0.76% to $2,972.37, marking divergence between large-cap and small-cap performance.
Microsoft (MSFT) recorded its longest winning streak of the year, closing at $513.53 with a weekly gain of 5.38%. The advance reflected investor appetite for artificial intelligence software as concerns over near-term adoption faded. Nvidia (NVDA) climbed 4.35% to $217.55, with Wall Street questioning the scale of its revenue forecast and potential links to SpaceX operations. Meta (META) rose 3.40% to $578.02, and Apple (AAPL) gained 3.02% to $319.70.
Energy stocks lagged the broader rally. ExxonMobil (XOM) declined 4.47% to $156.71, the week's most significant decline among major movers. Inflation emerged as a focal point for market participants as equities wrapped up their winning week.
Italy
The FTSE MIB fell 0.53% to €52,265.00 for the week, reversing gains reported on Friday when Piazza Affari posted a 0.67% intraday advance. Energy and luxury names shaped the divergent performance.
Stellantis (STLAM.MI) gained 3.42% to €4.58, leading Milan's gainers. STMicroelectronics (STMMI.MI) rose 3.14% to €43.58. Eni (ENI.MI) declined 3.51% to €22.71, and Moncler (MONC.MI) fell 2.38% to €47.10. Leonardo declined on the session.
Week ahead
Equity markets face continued focus on inflation data and corporate guidance as earnings season progresses. Technology stocks remain in the spotlight following this week's gains.