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On Friday, U.S. equities presented a mixed performance. The S&P 500 edged up by 0.1%, the Nasdaq 100 increased by 0.3%, and the Dow Jones declined by 0.6%, mainly due to subdued activity in the financial and utility sectors, while energy stocks experienced a rally. Nvidia benefited from a 1.5% boost, aiding the Nasdaq, following reports that Chinese officials suggested domestic tech companies could begin ordering its H200 AI chips. Meanwhile, AMD saw a rise of 2.3%. Conversely, Intel dropped sharply by 17% after providing a forecast that fell short of expectations and highlighting persistent operational hurdles, negatively impacting the broader sentiment in the semiconductor sector. Additionally, Broadcom decreased by 1.7%, limiting growth in large-cap technology shares. The macroeconomic data presented a mixed picture, as the University of Michigan's sentiment index was revised upwards to a multi-month high, yet the preliminary S&P Global PMIs indicated a slight slowdown in both services and manufacturing sectors. Over the week, the S&P 500 and Dow Jones decreased by 0.5% and 0.6%, respectively, whereas the Nasdaq showed a modest increase of 0.2%, reflecting ongoing caution amid recent market volatility.
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