On Friday, the three major indices showed mixed performance, with the Nasdaq reaching an intraday record high and marking seven consecutive weeks of gains, while the S&P and Dow Jones ended their six-week winning streak.

**U.S. Stocks**: As of the closing bell, the Dow Jones Industrial Average fell by 259.96 points, a decrease of 0.61%, to 42,114.40 points; the Nasdaq Composite rose by 103.12 points, an increase of 0.56%, to 18,518.61 points; the S&P 500 index dropped by 1.74 points, a decrease of 0.03%, to 5,808.12 points. Nvidia (NVDA.US) briefly surpassed Apple in market value to become the largest, and Tesla (TSLA.US) gained approximately 22% for the week. The China concept index once rose by more than 2%, significantly outperforming the U.S. stock market, with new forces in car manufacturing showing a bright performance, and Zeekr (ZK.US) closing up by 24.84%.

**European Stocks**: The German DAX 30 index closed up by 0.11%, at 19,463.59 points; the French CAC 40 index closed down by 0.08%, at 7,497.54 points; the UK FTSE 100 index closed down by 0.25%, at 8,248.84 points; the Euro Stoxx 50 index rose by 0.15%, at 4,943.09 points.

**Asia-Pacific Stocks**: The Nikkei 225 index fell by 0.60%, the Indonesia Jakarta Composite Index fell by 0.28%, and the South Korean KOSPI index rose by 0.09%.

**Cryptocurrencies**: Bitcoin fell by 2.30%, to $67,255.00 per coin; Ethereum fell by 2.70%, to $2,496.00 per coin.

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**Crude Oil**: WTI crude oil futures for December rose by $1.59, an increase of over 2.26%, to $71.78 per barrel, with a weekly gain of approximately 4.50%; Brent crude oil futures for December rose by $1.67, an increase of over 2.24%, to $76.05 per barrel, with a weekly gain of over 4.09%.

**Gold**: COMEX gold futures for December rose by 0.34% to $2,758.30 per ounce at the end of the day, with a weekly gain of 1.06%.

**Metals**: London industrial metals showed mixed performance: LME copper closed up by $96, at $9,602 per ton. LME aluminum closed up by $28, at $2,678 per ton. LME zinc closed down by $72, at $3,102 per ton. LME lead closed down by $28, at $2,046 per ton. LME nickel closed down by $128, at $16,167 per ton. LME tin closed up by $190, at $31,325 per ton. LME cobalt remained unchanged, at $24,300 per ton.

**Macro News**:

U.S. durable goods new orders in September fell less than expected. U.S. factory durable goods new orders decreased in September, with the decline in commercial aircraft orders offsetting the increase in commercial equipment orders. Data released by the U.S. Department of Commerce on Friday showed that U.S. durable goods orders fell by 0.8% in September, compared to an expected 1% decrease, with the August decline being downwardly revised. Excluding transportation equipment, the U.S. durable goods orders excluding transportation for September were initially 0.4%, compared to an expected -0.1%. The U.S. durable goods orders excluding aircraft and non-defense capital goods for September were initially 0.5%, compared to an expected 0.1%.U.S. consumer confidence hits a six-month high in October. The University of Michigan stated on Friday that the Consumer Sentiment Index for October rose to 70.5 from 70.1 in September, marking the highest level since April. However, U.S. consumer confidence remains at a depressed level, with the index still significantly below its post-pandemic peak in 2021 (88.3).

German Finance Minister warns: Germany will take retaliatory measures if the U.S. wages a trade war. German Finance Minister Christian Lindner warned on Friday that if the U.S. engages in a trade war with the EU, retaliation may follow. Lindner stated, "Trade disputes never have winners, only losers." Lindner indicated that what U.S. trade policy would look like if Trump were elected president is a key question. "In this scenario, we need diplomatic efforts to convince the person entering the White House that a trade conflict with the EU is not in America's best interest. We will have to consider retaliation." Trump proposed that if elected, he would impose tariffs of 10% to 20% on almost all imported goods, regardless of their origin.

Bank of Canada Governor: Changes in immigration policy could affect Canada's economic growth. Bank of Canada Governor Tiff Macklem stated that the sudden shift in Canada's immigration policy has led to expectations of population decline in the coming year and by 2026, which could have the greatest impact on economic growth. Macklem said on Friday that officials must digest and review the policy changes announced by the Liberal government on Thursday. He indicated that it is clear that if population growth slows, then the overall GDP growth will slow.

**Stock News**

Boeing Co. (BA.US) is exploring the sale of its aerospace business. The NASA business Boeing is exploring for sale includes the troubled Starliner spacecraft and operations supporting the International Space Station, but does not include the division building NASA's space launch systems. Boeing's "Starliner" spacecraft has been plagued by development delays and technical issues for years, with private cost overruns exceeding $1.8 billion. The two NASA astronauts the company brought to the International Space Station remain stranded there and are scheduled to return in February on a SpaceX spacecraft operated by their competitor.

Intel (INTC.US) announces investment of over $28 billion to build two chip factories, expanding foundry business. Intel announced plans to invest over $28 billion in the construction of two new cutting-edge chip factories in Licking County, Ohio, to advance its plan to expand its foundry business. Intel stated that this investment will help increase production to meet the surging demand for advanced semiconductors, power Intel's next generation of innovative products, and meet the needs of foundry customers, which is also part of Intel's IDM 2.0 strategy. Intel announced a significant strategic shift last month, with its CEO Pat Gelsinger stating in a release that the company has decided to reorganize its chip foundry business and has received support from key customers, aiming for a profitable transformation of the business.

Alphabet (GOOGL.US)'s autonomous driving division Waymo completes a $5.6 billion Series C financing round. Alphabet's self-driving car division Waymo has completed a $5.6 billion Series C financing round to expand its autonomous taxi service to areas beyond Los Angeles, San Francisco, and Phoenix, where it is currently operating. Alphabet led the Series C investment in Waymo, with early supporters including Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price, among others. Waymo's CFO Ruth Porat announced in July that Google's parent company would commit to providing up to $5 billion in multi-year investments to Waymo.

**Broker Ratings**

KeyBanc downgrades Apple (AAPL.US) from "Sector Weight" to "Underweight" with a target price of $200.