By Vested Finance
US markets navigated a bumpy ride to end the week on a positive note. The S&P 500 climbed 1.7 per cent, while the tech-heavy Nasdaq 100 gained 2.46 per cent as investors attempted to make sense of renewed U.S.–China trade tensions and mixed views within the Federal Reserve about when rate cuts might commence. Advertisement
Bank results were mixed; while strong earnings from big names helped, worries about rising loan defaults pulled some stocks down. Vested Finance said global jitters around the trade war and high AI stock valuations also kept markets cautious.
Leading the market movers, Navitas Semiconductor (NVTS) soared an impressive 78.1 per cent this week. The rally ignited after the company announced new GaN and SiC power chips specifically engineered for NVIDIA