Estados Unidos stock markets closed sharply lower on Friday, pressured by profit-taking in technology stocks and rising yields on American Tesouro bonds. The S&P 500 fell 1%, while the Nasdaq Composite lost 1.3%, reflecting the vulnerability of the technology sector after weeks of impressive gains. Dow Jones Industrial Average fell 515 points, equivalent to 1% of its value. The movement was amplified by disappointment with the summit between President Donald Trump and Chinese leader Xi Jinping, which did not produce significant commercial advances.
Setor Technology Leads Market Losses
The correction in the technology segment was the main factor behind the negative performance of the indices. Após a period of sustained valuations driven by optimism around artificial intelligence, investors chose to take profits, a natural move when growth expectations are considered unsustainable. Grandes funds and individual investors accelerated sales, highlighting the sector’s sensitivity to abrupt adjustments.
Entre the companies that felt the most severe impact, Intel recorded a 6% drop in its shares. Advanced Micro Devices (AMD) lost 3%, while Micron Technology dropped 5%. Nvidia, the leader in processors for artificial intelligence, fell 3%, and Cerebras Systems depreciated 4%, reversing the 68% gain achieved on Thursday after its debut on Nasdaq.
- Intel: fell 6%
- Advanced Micro Devices (AMD): lost 3%
- Micron Technology: fell 5%
- Nvidia: fell 3%
- Cerebras Systems: devalued 4%
- Microsoft: rose 3% after investment announcement by Bill Ackman
Adam Crisafulli, analyst at Vital Knowledge, commented that the technology sector “has witnessed extremely unsustainable movement in recent weeks and remains vulnerable to profit-taking.” A notable exception was Microsoft, whose shares rose 3% after billionaire Bill Ackman announced that his company Pershing Square had built a position in the name, generating specific optimism regarding the software giant.
Rendimentos of Tesouro reach high levels
US Tesouro bond yields experienced a significant jump, putting further pressure on stocks in the market. The 30-year rate surpassed 5.1%, reaching its highest level since 2025. Esse rise in interest rates reflects market expectations regarding inflation and Federal Reserve future monetary policy. Quando bond yields rise, they offer a more attractive alternative to stock investments, especially for investors seeking security in an environment of economic uncertainty.
The rise in yields was driven by reports that indicated rising inflation throughout the week. Índices of consumer and producer prices suggest resurgence of inflationary pressures. The maintenance of oil prices at high levels, a direct consequence of the geopolitical conflicts in Oriente Médio, is a crucial factor contributing to this escalation. Preços higher energy levels impact the entire production and distribution chain, increasing costs for companies and consumers.
Rising interest rates pose a particular threat to shares of high-growth companies, mostly concentrated in the technology sector. Essas companies rely heavily on financing to support expansion. With higher interest rates, the cost of capital increases, making it more expensive to obtain loans and raise funds. Isso reduces expectations of future earnings and the present value of its shares, making them less attractive to investors compared to stable companies or fixed income securities.
Petróleo rises with voltages on Oriente Médio
Oil prices continued to rise on Friday, driven by statements from President Donald Trump to Fox News. Trump said he was “not much more patient” with Irã, adding that the country “should make a deal”, reigniting concerns about global oil supply and regional stability. U.S. West Texas Intermediate (WTI) crude futures rose 3% to trade at $104 per barrel. Brent futures contracts, an international benchmark, also registered a 3% gain, reaching 109 dollars per barrel.
Cúpula Trump-Xi leaves investors disappointed
The summit between President Donald Trump and Chinese leader Xi Jinping ended without major progress or significant agreements. The expectation was that the meeting could ease trade tensions and establish new cooperation policies between the world’s two largest economies. The lack of substantial announcements contributed to a feeling of uncertainty and caution in global markets, especially in sectors sensitive to international trade relations.
One of the few points of consensus announced was the mutual recognition that Estreito of Ormuz must remain open, according to a statement from Casa Branca. Essa crucial shipping route for global oil is vital to the stability of energy markets. However, even this news was not enough to boost general market optimism. Adam Crisafulli highlighted that “the few headlines that came out of the summit were disappointing”, underlining the high expectations that markets had regarding the event.
Boeing shares extended losses on Friday, falling 2% after falling nearly 5% in the previous session. President Trump had mentioned that China agreed to purchase 200 jets from Boeing, a number considered below the most optimistic expectations. The market expected a higher volume of orders or a more comprehensive package of agreements, leading to a negative reaction in the company’s shares.
Criptomoedas and Bitcoin suffer from rising interest rates
Cryptocurrency stocks posted sharp declines on Friday, impacted by rising Tesouro bond yields and fears of higher inflation. Esses factors often divert capital from riskier assets to safer options. Coinbase fell 8%, while Strategy lost 6%. Circle, another prominent company in the crypto ecosystem, fell 8%, reversing the positive trend built after its quarterly results. Gemini reduced its gains but was still trading up 7%, indicating volatility inherent in these assets.
Bitcoin, the world’s leading cryptocurrency, fell almost 3%, trading below the $80,000 level again. The cryptocurrency was on track to end the week with a 1% drop in value. Embora is widely viewed as “digital gold” that should benefit from inflation in the long term, its behavior in the short and medium term is often that of a liquidity-sensitive risky asset. In times of high interest rates or economic uncertainty, it tends to devalue, acting in a similar way to other volatile assets in the market.
