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 opens a new week Monday still digesting Friday's selloff, which capped the worst week for tech since June as an eighth straight losing session for chipmakers deepened fears that AI infrastructure spending has outrun returns. The Nasdaq Composite closed last week at 26,140.03 after a 2.1% Friday drop left it down 4.5% on the week, while the S&P 500 settled at 7,659.44, off 1.95% for the week, and the Dow Jones held up better at 52,002.41, still finishing 0.67% higher as money rotated into defensive sectors. Technology fell 3.00% on the week on fears that AI data-center debt has outrun returns, dragging Communication Services and Consumer Discretionary lower, while Energy gained 2.52% as WTI crude climbed to $97.61 on fresh tensions in the Strait of Hormuz, and Healthcare and Utilities also advanced on the flight to safety. The VIX closed at 19.99, its highest level in months, while the Fear & Greed Index slid to 28, bordering on Extreme Fear, as the 10-Year Treasury yield eased to 5.08% and gold held near $4,170.25. With markets just reopening and no new close yet to report, attention 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.