This week, stock markets faced a series of challenges, including escalating tensions in the Middle East, key tech earnings reports, and healthcare developments. The S&P 500 slipped 0.6%, while the Nasdaq fell 2.1%.
Oil prices are back in the driver's seat
Oil prices spiked for the third consecutive week due to uncertainty surrounding the Iran war. U.S. benchmark West Texas Intermediate crude jumped over 8%, while international Brent crude surged nearly 10%.
Wall Street raises the bar for AI spending
Artificial intelligence remained a dominant theme of earnings this week, and investors made it clear that they are no longer willing to reward massive spending without a clear path to returns.
Healthcare catalysts
While technology dominated much of the week's attention, two of the Club's healthcare names delivered reminders that some of the market's most compelling long-term growth stories exist beyond AI.
