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📉 TL;DR – Last Week in 60 Seconds
Precious metals reversed hard into Friday: gold and silver sank as leveraged trades unwound. The trigger was Donald Trump nominating Kevin Warsh to lead the Federal Reserve, replacing Jerome Powell in May. Stocks ended mixed—big tech and small caps slipped, while the S&P 500 stayed afloat—as investors juggled earnings, hotter wholesale inflation data, and “what happens next” on rates.
Crypto slid too; Bitcoin and Ether ETFs saw nearly $1B of outflows in a single day. The dollar was choppy, but the message was clear: investors hate uncertainty about who sets the next policy tone.
Quick Levels → Last week’s change
S&P 500: 6,939.02 | ↑0.34% Nasdaq 100: 25,552.39 | ↓0.21% Dow: 48,892.48 | ↓0.42% Russell 2000: 2,613.74 | ↓2.08% | Gold/oz: $4,753 | ↓1.85% Silver/oz: $81.89 | ↓17.60% Bitcoin (BTC): $77,882 | ↓11.17% U.S. Dollar Index (DXY): 97.14 | ↓0.32% |
🚀 Top Movers Last Week
Source: Deckers Outdoor
SanDisk (SNDK) ↑21.62% — Blowout forecast on AI data-center storage demand; memory shortage talk kept bids hot.
Deckers Outdoor (DECK) ↑19.36% — Huge Q3 results: record revenue and EPS, with upbeat outlook for HOKA and UGG.
AT&T (T) ↑11.11% — Q4 earnings beat and 2026 outlook; new buyback* plus fiber deals lifted confidence.
Meta Platforms (META) ↑8.76% — Very strong quarter and upbeat guide; ad strength funded a big AI capex push.
Microsoft (MSFT) ↓7.65% — Azure growth disappointed and AI buildout costs rose; stock logged a rare weekly drop.