Editor’s Note
This article details the U.S. stock market’s sharp recovery, with the Dow Jones hitting a new record above 50,000 points. The rebound follows a period of investor anxiety triggered by massive AI spending announcements from tech giants and mixed corporate earnings.
The US stock market has registered a strong rebound after a week of panic linked to the colossal spending on AI announced by major tech companies like Alphabet and Amazon, along with disappointing results from Microsoft. The uncertainty began last Friday with the plunge in metals, especially silver, and spread on Tuesday to software firms following the launch of a new AI tool by Anthropic to improve productivity. On Wednesday, processor companies retreated amid rising doubts, which were fueled on Thursday by the crash of Bitcoin.
However, all these movements seem to have responded, in particular, to the vertigo over investment in AI, a technology that acts as a driving force for stock exchanges globally. In this regard, experts like José Torres of Interactive Brokers point out that the slump has bottomed out and that:
In this scenario, green has spread across Wall Street fueled by an avalanche of buying that has led the Dow Jones to hit historic highs, surpassing the psychological level of 50,000 points.
A day of ‘revenge’ after the declines of recent days, with technology rebounding after its collapse, has driven the Dow Jones to break a new historical record: the industrial indicator surpasses 50,000 points for the first time in its existence, driven by Nvidia (7.6%) and Caterpillar (6.6%).
The European oil barrel rises 1.7% at mid-session on Wall Street, reaching $68.7, after losing 2.75% on Thursday. The positive prospects for negotiations between Iran and the United States, which have pressured prices downward this week, have not offset the appetite for the barrel at the week’s close. Even though:
Banco Sabadell closed the session this Friday with a drop of 4.72% to 3.11 euros per share, just after the replacement of its CEO, César González-Bueno, was announced. He will be replaced by the CEO of TSB, Marc Armengol, and after presenting results that did not satisfy the market. Thus, the company earned 1.775 billion, 2.8% less than the previous year’s period.
Stellantis acknowledged this Friday that the restructuring of its business has resulted in charges of approximately 22.2 billion euros for the second half of 2025, including cash payments of approximately 6.5 billion euros, expected to be paid over the next four years. The firm has advanced that it expects a net loss of between 19,000 and 21,000 million euros in the second half of the year, as well as net revenues of between 78,000 and 80,000 million euros. The adjusted operating result will also be negative, between 1,200 and 1,500 million euros. In this context, the company’s shares, which will not pay an annual dividend in 2026, plummeted 25.4% in the Paris trading session, trading at a price of 6.11 euros.
Wall Street rises at mid-session, with the Dow Jones and Nasdaq above 2% and the S&P 500 advancing 1.7%, driven by microchip companies and after this week’s scares with AI. Thus, after yesterday’s semiconductor declines, stocks like Super Micro Computer, Teradyne, Advanced Micro Devices, Broadcom, Nvidia, or Western Digital are now rebounding between 7% and 10%. Meanwhile, Robinhood (+14.8%) and Coinbase (+11.9%) lead the S&P 500. All this happens on the day the United States and Iran concluded indirect talks on the nuclear program this Friday.