United States
The S&P 500 (^GSPC) closed at $7,650.50, advancing 0.40% for the week. The Nasdaq (^IXIC) outperformed with a 1.28% gain to $26,522.54, while the Dow Jones (^DJI) declined 1.41% to $51,682.64. The Russell 2000 (^RUT) fell 1.10% to $2,860.40, reflecting broad rotation away from smaller-cap equities.
Semiconductor stocks dominated gainers. AMD (AMD) surged 13.46% to $559.82, the week's strongest performer. Nvidia (NVDA) added 5.36% to $222.27, and Broadcom (AVGO) gained 3.74% to $357.61. The sector's strength contrasted sharply with steep declines elsewhere in technology: Netflix (NFLX) fell 10.62% to $71.79, marking the week's largest loss among top movers. In financials, Goldman Sachs (GS) declined 4.70% to $942.00.
OpenAI released new AI capabilities, with Microsoft executive Satya Nadella characterizing the development as a "serious situation" on CNBC. JPMorgan and Citigroup executives attended a state dinner for China's Xi Jinping. Nike ended its partnership with soccer player Kylian Mbappé, who signed with On.
Italy
The FTSE MIB (FTSEMIB.MI) edged down 0.16% to €51,545.00 for the week, trading within a range of €50,819.00 to €52,483.00. Banking and automotive stocks drove declines: Stellantis (STLAM.MI) fell 4.46% to €4.34, while UniCredit (UCG.MI) slipped 1.83% to €82.92. STMicroelectronics (STMMI.MI) rose 2.06% to €42.63, and Leonardo (LDO.MI) gained 2.33% to €50.42, offering limited offset to sector weakness.
Week ahead
Markets will focus on upcoming corporate earnings, macroeconomic releases, and central bank commentary. Technology earnings remain in focus following the week's chip-sector momentum.