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.

U.S. stock indexes finished the holiday-shortened week higher, boosted by dovish comments from some Fed officials and several weaker-than-expected economic reports that seemed to reinforce the idea that a December rate cut remains on track. Small-cap stocks outperformed their large-cap peers, as the Russell 2000 Index advanced 5.5%. The Nasdaq Composite also posted strong returns, rebounding from the prior week’s sell-off as concerns regarding elevated valuations and spending on AI appeared to take a back seat to optimism around the growth potential from the technology. In economic news, U.S. retail sales increased by 0.2% in September (below +0.4% estimates). September PPI rose 0.3% in September, in line with estimates.

Nvidia posts exceptional earnings, yet a dramatic Thursday sell-off raises questions: do investors still fear an AI bubble?

Despite some good news during the week from both corporate earnings reports and government economic data, U.S. equity markets finished the week lower. The sell-off appeared to be driven by worries about lofty stock valuations and concerns around whether AI will generate enough profits to justify the massive spending that companies have poured into supporting the developing technology. The Nasdaq Composite had the largest losses, while the Russell 2000 held up better but still lost ground. The S&P 500 Index finished about 4.4% lower than the record high it achieved in late October. A rebound on Friday helped ease the losses that the major benchmarks suffered earlier in the week.

Meanwhile, quantitative easing might be making its comeback. Each week, the Syz investment team takes you through the last seven days in seven charts.

U.S. stocks ended the week mixed. The Dow and S&P 500 saw slight gains, while the Nasdaq, S&P MidCap 400, and Russell 2000 declined. Through most of the week, markets fell as investors rotated out of high-growth and AI-related stocks due to valuation concerns. A volatile Friday helped some indexes recover. The longest U.S. government shutdown ended Wednesday after President Trump signed a temporary funding bill. Although this removed a key market headwind, stocks still dropped Thursday as uncertainty remained about the return to normal operations. Economic data releases became a focal point, with the BLS delaying some reports but confirming the September jobs report will come out on November 20. Comments from multiple Fed officials signaled caution and a preference to keep policy restrictive due to lingering inflation risks.