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Overnight news: US stocks rose, gold reached a new high, Boeing 0.033 million blue-collar workers went on strike, credit ratings face the risk of being downgraded to 'junk grade'.
For more global financial news, please go to the 24-hour real-time financial news market closing: Nasdaq and S&P both rose for the fifth consecutive week, achieving the best performance of the year. Top 20 US stock turnover on September 13: Boeing workers reject a 25% pay increase agreement for 4 years and launch a major strike. China concept stocks had mixed performance on Friday, with NIO Inc up 5.11% and PDD Holdings down 2.4%. WTI crude oil in the US fell 0.46% on Friday. International gold prices continue to reach new highs, with spot gold and COMEX gold futures both rising more than 3% this week. European stocks closed higher, with the EURO STOXX 50 index up 0.61%. US macro data shows that consumers have a positive outlook on income prospects and retirement.
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Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
