S&P paused after a four-day rally, Nasdaq hit a new high for the fifth consecutive day, and French stocks posted their biggest weekly decline in over two years

US consumer confidence unexpectedly fell to a seven-month low, inflation expectations rebounded, the S&P index fell from its historical high, the Dow fell for four consecutive days, and the Russell small-cap stocks fell to a six-week low. Apple fell from its recent high and lost market value to Microsoft, while Microsoft, Nvidia, and Broadcom hit new highs. The China concept stock index hit a nearly eight-week low, with a weekly decline of 2.7%. European stocks fell more than 2% for the week, with French stocks falling more than 6% to their largest decline in over two years. The 10-year US Treasury yield fell more than 21 basis points for the week, and oil futures stopped rising for four consecutive days. The dovish decision of the Bank of Japan pushed the yen to a more than one-month low on Friday, while the US dollar index rose to a six-week high. Gold posted its first weekly gain in four weeks, while London aluminum, lead, and nickel fell more than 2% for the week