Market close recap

Europe closed higher 🟢 (Up)

• 🇩🇪

  DAX

  ^GDAXI

  25,623

  🟢 0.95%

  Up
• 🇫🇷

  CAC 40

  ^FCHI

  7,957

  🟢 0.28%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,204

  🟢 0.58%

  Up

Wall Street closed lower 🔴 (Down)

• 🇺🇸

  Nasdaq 100

  ^NDX

  29,188

  🔴 2.50%

  Down
• 🇺🇸

  S&P 500

  ^GSPC

  7,659

  🔴 1.09%

  Down
• 🇺🇸

  Dow Jones

  ^DJI

  52,002

  🔴 0.34%

  Down

1. 1.

   US stocks closed sharply lower as an AI-led selloff hit tech. The S&P 500 fell 1.09% to 7,659.44 and the Nasdaq 100 dropped 2.50% to 29,187.55. The Dow eased 0.34% to 52,002.41.

   Source: marketwatch.com

2. 2.

   Brent crude rose 3.56% to 109.69 dollars a barrel. Reuters reported that the US is seeking an exchange of up to 17 million barrels from its strategic reserve.

   Source: news.google.com

3. 3.

   The US 10-year Treasury yield edged up 0.18% to 5.10%. Coverage of the near-$2 trillion US deficit and bond market warning signs kept pressure on AI valuations.

   Source: marketwatch.com

4. 4.

   European shares closed higher, with Germany's DAX up 0.95% to 25,622.61 and the Euro Stoxx 50 up 0.58% to 6,204.23. In Asia, Japan's Nikkei 225 gained 1.39% while Hong Kong's Hang Seng slipped 0.52%.

5. 5.

   CoreWeave shares were hit hard this week, and coverage points to the credit default swap market for clues. AI names slid again as investors grew tired of debating tech's promises.

   Source: cnbc.com