Gold shines as 2025’s top performer, Bitcoin falters, US stocks lag global peers — and while silver steals the spotlight, copper quietly makes its case. Each week, the Syz investment team takes you through the last seven days in seven charts.

U.S. stocks declined during the holiday-shortened week. The Nasdaq Composite performed worst for the week, followed by the Russell 2000 and S&P 500 indexes. The Dow Jones Industrial Average and S&P MidCap 400 Index held up best but still shed 0.67% and 0.71%, respectively. Within the S&P 500 Index, the energy sector outperformed as heightened geopolitical tensions drove oil prices higher. On the US macro side, lower mortgage rates and wage growth fuel homebuyer momentum, as pending home sales Index rose 3.3% in November, marking the largest month-over-month jump since February 2023.

U.S. stocks advanced during the holiday-shortened week, with the S&P 500 Index and Dow Jones Industrial Average both hitting record highs. News flow and trading volumes were generally light throughout the week, but some recent favorable economic data alongside artificial intelligence (AI) optimism appeared to support positive sentiment. The small-cap Russell 2000 Index was the worst performer of the major indexes, finishing the week 0.19% higher. On the macro front, the U.S. economy expanded at the fastest pace in two years during Q3, as U.S. real GDP grew at an annual rate of 4.3%, ahead of the second quarter’s 3.8% growth rate and well above estimates for around 3%.

Silver breaks into the top four, central banks keep buying gold, and US households lean more into equities than property. Each week, the Syz investment team takes you through the last seven days in seven charts.

The S&P 500 index finished the week little changed, while the Nasdaq added 0.48%. The Russell 2000 Index performed worst, declining 0.86%, followed by the Dow, which shed 0.67%. Equities started the week broadly lower but reversed course toward the end of the week, supported in part by an encouraging US inflation report as well as strong earnings results from semiconductor manufacturer Micron Technology that seemed to help shift AI-related sentiment. On the macro side, US unemployment rate rose to 4.6% in November, the highest level in over four years while US core inflation dropped to slowest pace since early 2021. December business activity growth slowed to a six-month low. US Treasuries yields generally decreased across most maturities.

Oracle bets on OpenAI and Santa continuously delivers S&P 500 gains during the holidays. Each week, the Syz investment team takes you through the last seven days in seven charts.

Most US stock indexes rose and hit all-time highs during the week, supported by the Federal Reserve’s 3rd consecutive interest rate cut and commentary from central bank officials that some investors interpreted as less hawkish than feared. The small-cap Russell 2000 Index, performed best, adding 1.19%, followed by the Dow Jones Industrial Average’s 1.05% gain. Meanwhile, the S&P 500 Index pulled back sharply on Friday and erased its gains from earlier in the week. Renewed concerns regarding technology stock valuations and questions around whether elevated spending on AI infrastructure will pay off weighed on the Nasdaq Composite index, which fell 1.62% over the week.

Inflation remains Americans’ top concern while Swiss inflation hit zero. Each week, the Syz investment team takes you through the last seven days in seven charts.

Major U.S. stock indexes finished the week higher, amid investor hopes for an interest rate cut from the Fed at its upcoming meeting. The Nasdaq Composite led the major indexes higher, advancing 0.91%, followed by the small-cap Russell 2000 Index, which rose 0.84%. The S&P 500 Index lagged but still posted a modest gain for the week. Mag7 stocks outperformed the S&P 493. On the macro front, ISM Manufacturing activity index continues to slide while ISM services expand at fastest pace since February. ADP Private payrolls dropped by most since 2023. US PCE inflation index rose 0.3% month over month in September, in line with August’s reading.

Meanwhile, Big Tech carries the S&P 500. Each week, the Syz investment team takes you through the last seven days in seven charts.