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Amazon Shares Drop on $200B AI Capex Plan, Investors Eye Economic Data
Amazon stock fell 5.6% after forecasting a more than 50% surge in capital expenditures this year, primarily for AI infrastructure. The market now awaits key U.S. jobs and inflation reports.
Silver Recovers from Sharp Drop as CME Adjusts Margins Ahead of Key U.S. Data
Silver prices rebounded over 8% on Friday after briefly falling below $65, though the metal still posted a weekly loss exceeding 8%. The CME Group increased margin requirements for futures contracts.
Alibaba Shares Rebound as AI App Frenzy Meets Technical Hiccups Ahead of Earnings
Alibaba's U.S.-listed stock rose 3% Friday, halting a six-session decline amid a broader tech rally. Its Qwen AI app surged to the top of China's App Store following a massive giveaway, but outages and platform restrictions marred the launch.
Netflix Faces DOJ Antitrust Scrutiny Over Warner Bid Ahead of Key Market Data
Netflix shares edged lower after hours as the Justice Department examines potential anti-competitive conduct in its $82.7 billion Warner Bros Discovery acquisition. The streamer says it is unaware of any probe beyond standard merger review.
ICBC A-Shares Dip as Bank Imposes Weekend Gold Trade Limits Amid Market Volatility
ICBC's A-shares fell 0.55% to 7.26 yuan after the bank capped weekend and holiday trades for its Ruyi Gold product. The move follows similar restrictions by major retailers as China's gold market turns speculative.
Caterpillar Powers Dow Past 50,000 as Investors Shift to Industrials
Caterpillar surged 7% to $726.20, driving the Dow Jones Industrial Average above the 50,000 milestone. Investors rotated capital from technology into industrial stocks ahead of key U.S. economic data releases next week.
Cisco Approaches Earnings Near Peak Levels Amid AI Infrastructure Focus
Cisco Systems shares closed near multi-year highs ahead of its fiscal Q2 report, with investors focused on AI infrastructure demand and enterprise spending trends.
P&G Shares Gain as Investors Eye Defensive Rotation, Upcoming Economic Data
Procter & Gamble stock rose 0.37% to $159.17 amid a shift toward defensive, dividend-paying equities. Key U.S. jobs and inflation reports are due next week, alongside P&G's dividend payment.