U.S. stocks ended the week mostly lower, with the Dow Jones Industrial Average marking its third consecutive week of gains, while the Nasdaq Composite saw significant declines. A major factor behind the Nasdaq’s drop was a 17% plunge in NVIDIA shares on Monday, triggered by competitive concerns after Chinese AI developer DeepSeek unveiled a more efficient large language model. Meanwhile, earnings season provided mixed momentum, as companies representing 40% of the S&P 500 reported results. Positive earnings surprises, particularly from major tech firms like Meta and Apple, helped offset earlier losses and provided late-week support for the market.
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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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