This Week on Wall Street
Your weekly cheat sheet — what's moving markets, what's coming up, and what it means for your portfolio. No jargon, just clarity.
This Week in Markets
Wall Street closed out a turbulent week on a sour note Friday as renewed anxiety over AI infrastructure spending triggered an eighth straight losing session for chipmakers, their longest slide since 2008. The Nasdaq Composite tumbled 2.1% to 26,140.03, capping its worst week since June with a 4.5% weekly decline, while the S&P 500 slid 1.1% to 7,659.44 for a 1.95% weekly drop; the Dow Jones held up better, easing just 0.3% to 52,002.41 and still finished the week up 0.67% as money rotated into defensive sectors. Technology dropped 3.00% on fears that AI data-center debt has outrun returns, dragging Communication Services and Consumer Discretionary lower, while Energy jumped 2.52% as WTI crude climbed 2.65% to $97.61 on fresh tensions in the Strait of Hormuz, and Healthcare and Utilities also advanced on the flight to safety. The VIX spiked 21% to 19.99, its highest close in months, while the Fear & Greed Index slid to 28, edging toward Extreme Fear, as the 10-Year Treasury yield eased to 5.08% and gold firmed to $4,170.25. Markets are closed for the weekend with no new figures to report; attention now turns to Tuesday's September Pending Home Sales data, Tesla's Q3 earnings Wednesday after the bell, Procter & Gamble's results Thursday morning, and the Fed's October 28 rate decision.