Overview
- Stocks finished the week lower after a Friday rebound that lifted the Dow by about 518 points but did not erase weekly losses for the S&P 500 and Nasdaq.
- Treasury Secretary Scott Bessent said the Treasury would expand bond buybacks beyond $4 billion per issue, a step that briefly pushed yields down before 10‑ and 30‑year yields returned to higher levels.
- From a technical view the S&P and Nasdaq sit below their 100‑hour moving averages but above their 200‑hour moving averages, creating a neutral bias until one of those levels is decisively breached.
- Bitcoin jumped to roughly $77,000 for its strongest weekly gain in about two years as some investors rotated into crypto while riskier equity and bond positions wobbled.
- Investors are focused on Nvidia’s upcoming earnings and the Federal Reserve’s Jackson Hole meeting for fresh clues on demand for AI chips and the likely course of interest rates, with individual tech issuers such as Nebius already showing sharp moves after funding decisions.