Oil and AI took turns wrecking the furniture, as war risk lifted crude and China’s cheaper Kimi K3 model challenged the premium embedded in America’s tech trade. Softer inflation and record bank trading briefly steadied stocks, but semiconductor weakness, IBM’s historic collapse, and Netflix’s soft outlook left technology bruised. Takeover chatter, biotech data, SpaceX volatility, contaminated Taco Bell lettuce, and a $100,000-a-month feed of presidential posts ensured markets never ran out of ways to get weird. 📉

Monday 🛢️: War risk shoved oil nearly 10% higher, knocked the major indexes lower, and flipped the market into a clean energy-over-tech rotation. The AI trade caught a funding-cost hangover as Oracle hit a 52-week low, while Q32 Bio ripped on alopecia data before immediately testing everyone’s dilution tolerance. Waller added one more headache before Tuesday’s CPI print by warning that another hot core inflation reading could put rate hikes back on the table.

Tuesday 🧊: Stocks climbed as softer inflation and chipmakers outweighed oil’s latest jump. Goldman and JPMorgan turned volatility into record trading hauls, while IBM suffered its worst session since at least 1972 after AI hardware spending cannibalized software budgets. SK Hynix caught a 51% tourist premium, and Taco Bell supplied the night’s least appetizing investigation.

Wednesday 🧩: The S&P 500 and Dow finished higher, but semiconductor weakness dragged the Nasdaq into the red. Apple and Alphabet carried mega-cap tech while Micron and Intel cracked, leaving the market green on top and bruised underneath. PayPal ripped on takeover chatter, SpaceX lost its IPO floor, and United’s beat ran into a $6B fuel bill.

Thursday 🥶 : Stocks closed lower as the S&P 500 fell 0.5%, the Nasdaq dropped 1.6%, the Dow slipped 0.2%, and small caps finished flat. Technology sank 2.2% despite nine sectors closing green, with defensive consumer stocks doing most of the damage control. Netflix’s soft outlook, TSMC’s spending plans, UnitedHealth’s fading earnings rally, and Lilly’s psychedelic acquisition drove the issue.

😢Friday 🧨: The S&P 500 fell 1.0%, the Nasdaq dropped 1.5%, the Russell 2000 lost 0.5%, and the Dow slid 0.7%. China’s cheaper Kimi K3 model pressured the AI trade, while a 4.5% crude rally left energy as the only green sector. Sweetgreen escaped the lettuce blame, and Trump Media tried turning presidential posts into a six-figure trading product.

🤩 This week's Stocktwits Top 25 showed how momentum movers fared vs. the indexes.

Here are the closing prices: 

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Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week. And make sure to add your favorite earnings calls to your own Apple or Google Cal:

Oh, and let me know if you like this type of format for an earnings call. Would you like to see an interactive version on Stocktwits?

In addition to the above, check out this week's complete list of economic releases.

🆘 Big Tech earnings test tech's big rotation: What to watch this week

⚠ Taylor Farms recalls iceberg lettuce in 27 states due to cyclosporiasis outbreak

U.S. and Iran trade strikes after two U.S. service members killed in Jordan

🕹 GameStop Locks In 9.8% eBay Ownership With Voting Rights As Cohen Pushes Takeover

⛈ US hurricane center says 80% chance of cyclone in next 48 hours near Florida

Want to see some change? Email Kevin Travers your feedback; follow him on Stocktwits.

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