Overview
- Wall Street finished near flat Friday, with the Nasdaq down more than 3% for the week as investors reassessed lofty technology valuations.
- Investors took profits in megacap names, with Nvidia, Alphabet and Microsoft lower on Friday as questions persisted about the costs of the AI build‑out.
- The U.S. shutdown reached day 38 and blocked key releases including the monthly jobs report, leaving markets to navigate with scant official data.
- Tesla shareholders approved a $1,000 billion pay plan for Elon Musk at the annual meeting, and the stock fell in the subsequent session.
- In Europe, Arkema cut its 2025 EBITDA target again on weaker U.S. demand yet rose as the warning was anticipated, while Euronext’s revenue grew 10.6% to €438.1 million and its shares advanced.