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Market Recap
The Nasdaq Composite fell 2.5% over the week, marking a significant contrast with the Dow Jones Industrial Average, which dropped just 0.4%. As of Friday afternoon, the Nasdaq was down an additional 1.1%, while the S&P 500 declined 0.7%. Key players in this week’s downturn included Netflix, which fell 8.5% after announcing less frequent engagement reports, and SpaceX, whose shares dropped to $125 from an IPO price of $135.
A notable market movement was triggered by semiconductor companies, particularly after Taiwan Semiconductor Manufacturing raised its capital expenditure forecast to $64 billion, eliciting concerns over unsustainable AI infrastructure spending. Additionally, SK Hynix experienced a volatile week with its stock swinging from down 6.7% to up 7.1%. Oil prices surged 3.6% amidst ongoing U.S.-Iran tensions, further complicating market dynamics.
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5 Stocks Our Experts Predict Could Double In the Next Year
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