Chip stocks dragged the Nasdaq to a 2.13% weekly loss. The Dow eked out a 0.46% Friday gain but still fell 0.38% for the week. Oil dropped 3-4% as Middle East tensions persisted.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
US stock indices ended Friday mixed, with the Nasdaq Composite taking the heaviest hit as a broad selloff in semiconductor stocks deepened risk aversion ahead of the weekend.
The Dow Jones Industrial Average rose 235 points, or 0.46%, to 51,947.25. It still posted a 0.38% weekly decline. The S&P 500 finished little changed at 7,411, down 0.61% for the week.
The Nasdaq fared worse. It fell 161 points, or 0.64%, to 24,975, extending its weekly loss to 2.13%. Chip stocks were the main drag.
European markets offered a contrast. The STOXX Europe 600 advanced 0.82% to 644, gaining 0.47% on the week. The UK's FTSE 100 climbed 0.91% to 10,736. Germany's DAX rose 1.36% to 25,099. France's CAC 40 added 0.88% to 8,372.
Asia was weaker. Japan's Nikkei 225 dropped 2.73% to 64,611. The broader Topix Index fell 1% to 4,011.
Oil prices moved sharply lower. Brent crude for September delivery fell 3.88% to $96.78 a barrel. WTI crude for August delivery declined 3.12% to $89.31 a barrel.
Gold rose. Futures for August delivery gained 0.51% to $4,070.80 an ounce.
Investor sentiment remained dominated by developments in the US-Iran conflict. Reports that mediators were working to contain the escalation did little to calm markets. Traders reduced risk exposure heading into the weekend, with the semiconductor selloff compounding existing geopolitical unease.
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.