The enthusiasm for AI has waned, while SPDR S&P 500 narrowly hit a historic high, NVIDIA reached a new peak but experienced a flash drop during trading, and Chinese concept stocks continued to rise for the week.

NASDAQ fell during the day, while the Dow Jones hit a new historical high for two consecutive days, and the S&P closed slightly higher, with a cumulative increase of over 1% for the week. The tech giants, known as the "Seven Sisters," all fell during the day, with Tesla dropping nearly 3%. NVIDIA rose nearly 5% at the opening, surpassing a market value of $2 trillion and closing up 0.4%, with an 8.5% weekly increase in earnings. Chip stocks turned down by over 1%, but Arm rose nearly 4%. AI "darling stock" Super Micro (SMCI) fell by nearly 12%. Chinese concept stocks rose for the third consecutive day, marking a two-week increase, while NIO-SW fell by nearly 8% and XPeng dropped by over 5%. European stock indices, including Germany and France, continued to hit new historical highs, with the tech sector falling and ASML dropping by over 1%. The two-year U.S. Treasury yield hit a new high for over two months before turning lower, still rising for the fourth consecutive week. The U.S. dollar index halted a seven-week rally, posting its first weekly decline of the year. Offshore RMB fell by over a hundred points to below 7.21 during the day, but has risen for two consecutive weeks in the Year of the Dragon. Crude oil hit a three-month high and then fell sharply the next day, marking the first weekly decline of the month, with U.S. oil dropping nearly 3% to a two-week low. Gold rebounded to a two-week high. London copper fell from a three-week high but still rose for two consecutive weeks; London nickel rose for the third consecutive day, hitting a three-month high with a weekly increase of nearly 7%.