Finance and Economics reports that on Friday, the three major indices showed mixed movements, with the Nasdaq hitting a new intraday historical high and rising for seven consecutive weeks, while the S&P and Dow saying goodbye to six weeks of gains.

[US Stocks] At the close, the Dow fell 259.96 points, a decrease of 0.61%, to 42114.40 points; the Nasdaq rose 103.12 points, an increase of 0.56%, to 18518.61 points; the S&P 500 index fell 1.74 points, a decrease of 0.03%, to 5808.12 points. Nvidia (NVDA.US) briefly surpassed Apple in market cap intraday, while Tesla (TSLA.US) rose about 22% for the week. The Chinese concept stocks index rose by over 2%, significantly outperforming the US stock market, with impressive performances from new EV companies, and Zeekr (ZK.US) closed up 24.84%.

[European Stocks] Germany's DAX 30 index rose by 0.11%, to 19463.59 points; France's CAC40 index fell by 0.08%, to 7497.54 points; the UK's FTSE 100 index fell by 0.25% to 8248.84 points; the Euro Stoxx 50 index rose by 0.15%, to 4943.09 points.

[Asia-Pacific Stock Markets] The Nikkei 225 index fell by 0.60%, Indonesia's Jakarta Composite Index fell by 0.28%, and South Korea's 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.

[Crude Oil] WTI December crude oil futures rose by $1.59, an increase of more than 2.26%, to $71.78 per barrel, with a weekly cumulative increase of about 4.50%; Brent December crude oil futures rose by $1.67, more than 2.24%, to $76.05 per barrel, with a weekly cumulative increase of over 4.09%.

Gold: COMEX December gold futures rose 0.34% to $2758.30 per ounce at the close, up 1.06% for the week.

Metals: London industrial metals fluctuated: LME Copper closed up $96 at $9602 per ton. LME Aluminum closed up $28 at $2678 per ton. LME Zinc closed down $72 at $3102 per ton. LME Lead closed down $28 at $2046 per ton. LME Nickel closed down $128 at $16167 per ton. LME Tin closed up $190 at $31325 per ton. LME Cobalt closed flat at $24300 per ton.

Macro news

In September, new orders for durable goods in the United States fell less than expected. In the U.S., factory orders for durable goods in September decreased as the decline in commercial aircraft orders offset 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 previous month of August's decline revised downward. Excluding transportation equipment, September's durable goods orders in the U.S., excluding transportation, had a preliminary rate of 0.4%, compared to an expected -0.1%. In the U.S., excluding aircraft, non-defense capital goods orders had a preliminary rate of 0.5% in September, compared to an expected 0.1%.

American consumer confidence in October reached a six-month high. The University of Michigan announced on Friday that the consumer confidence index for October rose from 70.1 in September to 70.5, marking the highest level since April. However, consumer confidence in the United States remains at low levels, with the index currently well below the post-pandemic high of 88.3 in 2021.

German Finance Minister Warns: If the U.S. Starts a Trade War, Germany Will Take Retaliatory Measures. German Finance Minister Christian Lindner warned on Friday that if the U.S. were to start a trade war with the European Union, there could be retaliation. Lindner said, "Trade disputes never have winners, only losers." He also mentioned that the outcome of the U.S. election is a key issue concerning trade policies. He emphasized the need for diplomatic efforts to convince the incoming White House administration that engaging in trade conflict with the EU is not in the best interests of the United States. Retaliation would be considered if necessary. Trump's proposal involved imposing tariffs of 10% to 20% on almost all imported goods, regardless of their origin.

Bank of Canada Governor: Changes in Immigration Policy May Impact Canadian Economic Growth. Bank of Canada Governor Tiff Macklem stated that the sudden shift in Canadian immigration policy has sparked expectations of a decline in population in 2022 and 2026, which could have the most significant impact on economic growth. Macklem stated on Friday that officials must digest and review the policy changes announced by the Liberal government on Thursday. He emphasized that it is clear that if population growth slows down, the overall Gross Domestic Product (GDP) growth rate will also slow down.

[Individual stock news]

Boeing (BA.US) is exploring the sale of its aviation business. Boeing's NASA business up for sale includes the troubled Starliner spacecraft and operations supporting the International Space Station, but does not include the department responsible for building NASA's aeronautical launch systems. Boeing's 'Starliner' spacecraft has been plagued by development delays and technical issues for years, with private costs exceeding $1.8 billion. Two American NASA astronauts brought to the International Space Station by the company are still stranded there, with plans to return in February aboard competitor SpaceX's spacecraft.

Intel (INTC.US) announced an investment of over $28 billion to build two chip factories, expanding its foundry business. Intel plans to invest over $28 billion in building two new cutting-edge chip factories in Licking County, Ohio to advance its expanding foundry operations. The investment is aimed at increasing production to meet the surging demand for advanced semiconductors, power Intel's new generation of innovative products, and meet the needs of foundry customers, part of Intel's IDM 2.0 strategic plan. Intel announced a major strategic adjustment last month, with CEO Pat Gelsinger stating in a release that the company decided to restructure its chip foundry business and has gained the support of key customers with the goal of achieving a profitable transformation of the business.

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

Bank review:

KeyBanc downgrades Apple's (AAPL.US) rating from 'equal weight' to 'underweight' with a target price of $200.