"U.S. stocks had mixed performance last week, with the Dow seeing a rise of 0.95%, while growth shares and technology stocks weakened amid regulatory concerns."
"NVIDIA shares plummeted 8.48% after its earnings report, reflecting regulatory pressures and President Trump's reiterated tariffs, highlighting market volatility."
"The Conference Board's Consumer Confidence Index dropped 7 points to 98.3, its sharpest decline since August 2021, raising recession signals."
"In Europe, the pan-European STOXX Index rose 0.60%, supported by strong defense sector earnings, despite ongoing concerns about U.S. trade tariffs."
Last week, the U.S. stock market exhibited a mixed performance; while the Dow Jones increased by 0.95%, other indexes like the Nasdaq experienced significant losses due to regulatory pressures on tech stocks, notably leading to an 8.48% drop in NVIDIA shares. Key economic indicators pointed to rising inflation expectations, as the core PCE price index climbed 0.3%. Consumer confidence took a sharp downturn, potentially signaling a recession, while jobless claims grew. In Europe, the STOXX 600 Index gained, buoyed by strong earnings from defense companies, amidst tariff discussions between the U.S. and European leaders.
Read at London Business News | Londonlovesbusiness.com
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