In today’s episode of The Morning After-Market Brief, global markets closed the week with heightened volatility and a clear shift in leadership. US equities saw investors rotate out of high-growth technology and AI stocks and into more value-oriented sectors. The Dow Jones briefly touched a new intraday high before ending lower, while the S&P 500 and Nasdaq declined as chipmakers and large tech names came under pressure, led by a sharp fall in Broadcom. The move reflects growing concerns around stretched valuations following the year-long AI rally and a reassessment of where sustainable growth may come from next.

Overseas, European markets finished lower amid mixed inflation data, weaker UK growth figures, and rising geopolitical uncertainty, while Asia-Pacific equities posted strong gains supported by optimism following the Federal Reserve’s recent rate cut. Commodities were mixed, with oil extending weekly losses on oversupply concerns, gold continuing its advance, and silver pulling back after a strong rally. In currencies, the Euro held firm above key technical levels, the Pound softened slightly, and USD/JPY remained in a strong uptrend. Individual stock moves stood out, with Broadcom sliding despite solid earnings, Quanex Building Products rising on upbeat results, and Fermi plunging after losing major project funding.

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