Overview

• U.S. stock indexes have rebounded from last week’s steep selloff, with the S&P 500 and Dow rising over 1% and the Nasdaq up almost 3% for the week
• Shares of leading technology firms such as Tesla, Alphabet and Nvidia climbed between 1% and 3%, pushing the Nasdaq Composite to a new closing high
• Tokyo’s Nikkei surged more than 2% after U.S. and Japanese officials resolved questions over export tariffs
• A weaker-than-expected July jobs report and President Trump’s interim Fed board nomination of Stephen Miran intensified expectations of Federal Reserve rate cuts, lifting gold to record levels
• Intel CEO Lip-Bu Tan said he has full board backing after Mr. Trump called for his resignation, stabilizing the chipmaker’s shares