A pigeon walks in entrance of the Nasdaq inventory market website in New York City, U.S., July 16, 2025.
Kylie Cooper | Reuters
The Nasdaq Composite was an overachiever last week. After ending Friday increased — outperforming the S&P 500 and Dow Jones Industrial Average, each of which closed in the pink — the tech-heavy index formally had 5 straight days of all-time closing highs.
On a weekly foundation, the Nasdaq Composite, with its 2% advance, additionally pulled forward of the S&P 500’s 1.6% enhance and the Dow Jones Industrial Average’s 1% rise.
Given the Nasdaq Composite’s moniker as the “tech-heavy index” (a lot favored by monetary writers who must provide you with some ways to explain it), there’s little shock in saying that know-how firms had been the predominant engine for its end at the high of the podium.
But it isn’t simply any tech. OpenAI appeared to be behind a lot of the market’s rise, suggesting the synthetic intelligence narrative remains to be compelling to traders. Shares of Oracle soared last week largely due to a deal it had made with the artificial intelligence firm; firms related to it, corresponding to Broadcom and Nvidia, have additionally had their share costs lifted beforehand.
With a price reduce by the U.S. Federal Reserve all however sure to come back this week — which might particularly profit cash-burning, debt-ridden, yet-to-be-profitable tech startups like OpenAI — the youngest of the three main U.S. indexes would possibly proceed to outshine its siblings in the close to time period.
What you might want to know at present
And lastly…
Xpeng CEO He Xiaopeng speaks to reporters at the electrical carmaker’s stand at the IAA auto present in Munich, Germany on September 8, 2025.
Arjun Kharpal | CNBC
Chinese EV players take fight to legacy European automakers on their home turf
Germany last week performed host to certainly one of the world’s largest auto reveals — however in the heartland of Europe’s auto trade, it was buzzy Chinese electrical automobile firms trying to outshine a few of the area’s largest manufacturers on their residence turf.
Europe has grow to be a focus for the Asian companies. It’s a market the place the conventional automakers are seen to be lagging in the improvement of electrical automobiles, at the same time as they ramp up releases of recent vehicles. At the identical time, Tesla, which was for therefore lengthy seen as the electrical automobile market chief, has seen gross sales decline in the area.
— Arjun Kharpal