United States
The S&P 500 closed Friday at $7,722.72, up 0.51% for the week, as softer-than-expected employment data provided relief to equity investors bracing for interest-rate implications. The Nasdaq outperformed with a 1.38% weekly gain to $27,190.86, marking an intraday record, while the Dow Jones retreated 0.59% to $51,176.96. The Russell 2000 added 0.53% to $2,832.89, reflecting modest broad-market support.
Semiconductor and electric-vehicle stocks led the advance. Nvidia (NVDA) rose 2.22% to $233.95, while AMD (AMD) jumped 4.28% to $633.91 and Tesla (TSLA) gained 3.68% to $370.59. Netflix (NFLX) fell 3.13% to $67.06, and Coinbase (COIN) declined 4.58% to $183.00 as crypto sentiment softened following news that Blast, a $2 billion Ethereum layer-2 protocol, is shutting down after assets plunged 98%.
Boeing (BA) received regulatory clarity on Friday when the FAA stated that a software glitch identified on the 737 Max does not constitute a flight-safety issue. Broadcom, Nike, and ON Semiconductor were among stocks recording significant intraday moves, though specific figures were not disclosed.
Italy
The FTSE MIB declined 2.47% to €50,483.00, marking a sharp pullback for Italian equities. Banking stocks bore the brunt of selling pressure: Intesa Sanpaolo (ISP.MI) slid 5.68% to €6.38 and UniCredit (UCG.MI) fell 5.64% to €79.53. Stellantis (STLAM.MI) dropped 4.92% to €3.85.
STMicroelectronics (STMMI.MI) bucked the downtrend, rising 2.94% to €47.20, as semiconductor strength globally provided support to the Italian chipmaker. The broader index weakness reflects ongoing concerns regarding eurozone interest-rate trajectories and their impact on bank profitability.
Week ahead
Economic calendars remain focused on labour and inflation readings, with manufacturing data expected mid-week across major economies. Corporate earnings continue to filter through select sectors; energy and financials are due to report.