Arabic version: ميتا وآبل تقدمان نقاطاً مضيئة للمستثمرين

According to Cnbc, Friday’s rally was insufficient to erase weekly market losses after higher oil prices and Treasury yields renewed inflation concerns and raised expectations for a Federal Reserve rate increase. The Dow Jones Industrial Average fell 1.6% in the holiday-shortened week, while the S&P 500 lost 0.8% and the Nasdaq declined 0.7%.

All three indexes gained nearly 1% on Friday, ending four-session losing streaks as crude oil and bond yields eased. Still, West Texas Intermediate crude climbed more than 9% over the week after rising above $100 a barrel on Thursday for the first time in nearly four months. The 10-year Treasury yield also exceeded 4.95% Thursday, its highest level since October 2023.

Inflation data did little to calm concerns before the Fed’s Sept. 15-16 meeting. The producer price index increased 0.4% for the month, while headline consumer inflation rose 0.4% month over month and 3.4% from a year earlier. Core CPI, excluding food and energy, rose 0.3% for the month. CME FedWatch tool odds of a September rate hike reached 87%, up from 58% a week earlier.

Meta Platforms and Apple provided positive developments for long-term artificial intelligence opportunities. Meta released its Muse Spark 1.3 model on Sept. 2 and launched the Muse personal AI agent, which integrates with Facebook, Instagram and WhatsApp. Meta shares gained 5% last week. Apple shares rose nearly 4% after the company launched the foldable iPhone Duo, starting at $1,999, alongside the iPhone 18 Pro and Pro Max. Apple CEO John Ternus described the iPhone as an “intelligent personal hub,” with an AI-upgraded Siri able to access more than 300,000 apps.