Wall Street ends the week with a twist 
Nasdaq breaks the losing streak
- Nasdaq 100 rose 0.3%
- S&P 500 gained 0.4%
- But the S&P 500 still ended the week down 1.4%
- Nasdaq Composite fell 2% for the week
Bitcoin steals the spotlight 
- Bitcoin jumped as much as 9.4% to above $79,000
- Up 22% for the week
- Crypto stocks rallied with it
- Strategy +6%, Robinhood +13%, Coinbase +8%
Bond market keeps investors guessing
Treasury buybacks gave markets a boost, but higher yields quickly returned.
- 10-year yield: 4.73%
- 30-year yield: 5.27%
- Oil near $95 a barrel
The Treasury gamble
The bond buyback plan was meant to bring down long-term yields. But investors remain focused on inflation, deficits, debt supply and rate expectations.
Dollar under pressure
The dollar slipped to a three-month low as concerns grew that Treasury intervention may not be enough to control long-term yields.
Corporate watch 
Ross Stores jumped 4.4% after raising its full-year earnings forecast.
BJ’s Wholesale also showed that value-focused consumers are still spending, with same-store sales up 11.9%.
AI faces its next big test 
All eyes now turn to Nvidia’s earnings next Wednesday. Investors will be watching chip demand, AI spending and its massive financing plans.
Healthcare fights back 
While semiconductor stocks have struggled, healthcare has quietly surged. Biotech and healthcare ETFs have significantly outperformed chips since June.
What to watch next week 
- Treasury Secretary Scott Bessent’s Monday press conference
- Nvidia earnings
- Jackson Hole and Fed Chair Kevin Warsh
- US-China and Iran developments
- Bond yields and the dollar
Markets may have ended higher. The real battle is still in bonds.