US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
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U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive territory, supported by renewed optimism around artificial intelligence and expectations of future Federal Reserve interest rate cuts.
Technology megacaps extended Thursday’s rally after Micron Technology delivered upbeat forecasts that reassured investors about long-term AI demand. Micron shares surged 7% to a record closing high, while Nvidia climbed 3.9% following news that the U.S. government launched a review that could allow shipments of Nvidia’s second-most powerful AI chip to China. The development helped ease concerns around export restrictions and boosted sentiment across semiconductor stocks.
Oracle shares jumped 6.6% after ByteDance, TikTok’s Chinese parent, signed binding agreements to transfer control of TikTok’s U.S. operations to a group of investors that includes Oracle, strengthening the company’s position in cloud computing and enterprise technology. Market participants noted that AI-linked stocks had recently faced pressure due to valuation concerns, but Micron’s results encouraged investors to rotate back into the sector.
The Dow Jones Industrial Average rose 183 points, or 0.38%, while the S&P 500 gained 0.88% and the Nasdaq Composite advanced 1.31%. For the week, the S&P 500 and Nasdaq posted modest gains, though the Dow finished lower. Seven of the S&P 500’s sectors ended Friday higher, led by technology, while utilities and consumer staples lagged.
Consumer-focused stocks weighed on the market, with Nike plunging 10.5% after reporting another decline in gross margins driven by weak China sales and product restructuring efforts. Lamb Weston sank nearly 26% after warning of softer demand, and Conagra slipped following disappointing earnings.
Investors also reacted to data showing U.S. consumer prices rose less than expected in November, reinforcing bets on at least two interest rate cuts next year. However, analysts cautioned that volatility may increase after the holidays, especially following Friday’s “triple witching” options expiration.
