The European and American stock markets experienced two consecutive days of decline last week. The large-scale sell-off in US stocks intensified on Friday. In particular, technology stocks were hit hard. Although the Dow Jones Industrial Average rose for three consecutive weeks, the Nasdaq and S&P 500 both recorded their biggest weekly declines in three months. Among technology stocks, Intel led the decline in the Dow's constituent stocks, while Tesla and Nvidia also underperformed. The latter experienced large-scale IT system failures due to software update issues.
Furthermore, due to software updates, CrowdStrike has caused Windows system failures in many important industries around the world, such as banks and asset management companies, and the impact is widespread and serious. The incident is expected to take weeks to fix and could have a long-term impact on the global supply chain.
US President Joe Biden announced that he will not participate in the 2024 presidential election and supports Vice President Harris's campaign. Meanwhile, the performance of Tesla and Google this week will have a significant impact on the future of US tech stocks. TSMC proposed the Foundry 2.0 concept in its earnings report, expanding the market space and showing confidence in future growth. In particular, the CoWOS product line is expected to double every year for the next two years.
In the commodity market, the prices of crude oil, gold, and silver all fell sharply. Gold and silver, in particular, fell sharply during the week, respectively. Metal prices have also fallen, and the prices of both lenxi and copper have hit new lows recently. In the bond market, US bond yields have risen again, and the US dollar index has ended its sluggish state of nearly four months. Bitcoin's price unexpectedly rose, reaching a high of $0.067 million.
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According to media reports, OpenAI is working on a new AI model, code-named Strawberry.
OpenAI New large models are being developed
The model’s operation is also kept strictly confidential within the OpenAI, people familiar with the matter said. The internal document describes a project that uses the Strawberry model that allows the company’s AI not only to answer questions, but also to plan in advance and brow...

Hi all hope you are doing well in the trades or coping well in the loss or gain happy due to short.
Last week seems to be a voilatile and downtrending week after Trump's assassination attempt.
So more bad news? Let's look at the Macro's and some stocks for the day. Remember this is not a recommendation or Financial advice it is based on my own opinion.
Major headlines
There are several major highlights:
1. Semiconductor Tariff
On Wed we see most...