📈 TL;DR — What Moved, What Didn’t
AI trade hit a pothole again. Mega-cap tech slid as worries grew that data-center spending may cool. That dragged the Nasdaq 100 and S&P 500 lower week-to-date. Small caps slipped as well. Rates stayed jumpy after a shutdown-delayed BLS Employment Situation* report (see Market Mood), while Bitcoin fell with stocks into Wednesday’s close.
Oil bounced after President Trump ordered a blockade on Venezuelan oil tankers, raising fresh supply-risk chatter. Gold kept climbing as investors looked for a safety net when stocks wobble. Silver also tagged a record, showing the metals bid isn’t just a gold story.
Quick Levels → Week-to-date change
S&P 500: 6,721.42 | ↓1.55%
Nasdaq 100: 24,647.61 | ↓2.18%
Dow: 47,885.98 | ↓1.18%
Russell 2000: 2,492.29 | ↓2.32%
Gold/oz: $4,325 | ↑0.60%
Bitcoin (BTC): $87,274 | ↓1.02%
DXY (U.S. Dollar Index): 98.39 | ↓0.01%
🚀 Top Movers This Week
Bet Noire/Getty Images
Micron (MU) ↑10.07% (after-hours Weds.) — Fell into earnings print, then surged after-hours on blowout results and bullish HBM demand outlook.
Silver (XAGUSD) ↑6.72% (↑36% since Nov.) — Ripped to fresh records above ~$66/oz on tight supply + strong industrial demand (i.e. solar panels and electronics).
Texas Pacific Land (TPL) ↑5.29% — AI data-center partnership headlines sparked fresh enthusiasm beyond oil royalties and water assets.
ServiceNow (NOW) ↓9.56% — Slid after reports it’s near a $7B Armis deal; investors balked at spend.
Strategy (MSTR) ↓9.11% — Dropped as Bitcoin slipped and its “buy more BTC” funding model got questioned.
Oracle (ORCL) ↓6.06% — Oracle sank after reports its Michigan data-center project was paused, reviving execution worries.