Among companies with a market capitalization of at least $10 billion, the biggest growth last week was recorded by spinal surgery implant developer Globus Medical, Inc. The company’s shares grew by 38.91% in one week (price per share: $83.89). Next is data storage solutions developer and manufacturer SanDisk Corporation, with 20.14% growth ($239.48 per share). This top three is rounded out by telecommunications equipment company Lumentum Holdings Inc., with 19.13% growth ($240.11 per share).

The trio of large-cap companies reporting the biggest losses last week is led by chemicals supplier DuPont de Nemours, Inc., whose shares fell 51.26% over the week ($39.80 per share). Next is energy drink manufacturer Celsius Holdings, Inc., with a 31.06% decline ($41.52 per share). This top three is rounded out by quantum computing technology developer Rigetti Computing, Inc., with a 23.72% drop ($33.77 per share).

US stock markets closed last week with mixed performance: the Nasdaq fell by about 3% over the week. This is the index’s biggest weekly decline since April, driven by investor concerns over economic uncertainty and a decrease in interest in risk due to the overvaluation of technology stocks. The S&P 500 rose by 1.6%, and the Dow Jones by 1.2%. The rise in these indices was driven by expectations that the US government shutdown would be averted in Congress.

European stock markets closed the week lower: the STOXX 600 declined 0.6% by the end of the week. This downturn during the week was driven by the same factor seen in US stock exchanges: the decline in the tech sector, which amounted to 2.1% in the case of the European STXE 600 index of tech stocks. Major banks saw a 0.9% decline, while automotive stocks rose 0.6% thanks to expectations of a potential recovery in chip supplies from China.

Global equity funds recorded significant inflows of $22.37 billion last week. Bond funds saw inflows of $10.37 billion, marking their 29th consecutive week of positive flows. Money market funds also recorded inflows of $146.95 billion—the highest level in ten months. Gold and precious metals funds, however, recorded a decline—totaling $554 million—for the second week in a row.

After reaching an agreement with the US government, share prices of Novo Nordisk and Eli Lilly declined, as both companies agreed to reduce the prices of weight-loss drugs Wegovy and Zepbound. Following the decision, Novo Nordisk shares fell 3.7% and Eli Lilly shares dropped 2.7%, though analysts note that increased sales volumes could compensate for price reductions in the long term.

Snap shares rose 16% following the announcement of a $400 million partnership between the company and Perplexity AI, followed by an additional 18% gain in pre-market trading. This partnership will enable AI-based search within Snapchat, allowing it to compete with TikTok and Meta.

Super Micro Computer shares fell more than 9% in pre-market trading due to the company's lower-than-expected quarterly revenue and profit results, due to supply delays caused by changes in GPU server design. The company said approximately $1.5 billion in revenue has been shifted to the next quarter due to configuration change requests from customers. Despite this, Super Micro raised its annual revenue forecast from $33 billion to at least $36 billion, significantly exceeding analysts’ expectations.

The shares of the four largest companies developing quantum computers have doubled or more so far this year. The so-called “Quantum Quartet”—Rigetti, IonQ, D-Wave Quantum, and Quantum Computing Inc.—are not yet profitable. Some analysts argue that expectations for the future of these companies are inflated, while others remain optimistic, noting that the sector could deliver the next major technological breakthrough.

On Sunday, the US Senate passed a bill that could end the government shutdown that has paralyzed public services in the country. The bill provides government funding through January 30, 2026, and includes a package of budget bills for three full fiscal years. Democrats and Republicans reached agreement on certain government spending items. Before the vote, President Donald Trump said it looks like they are very close to reopening the government.

US consumer confidence has declined so far in November to 50.3, the lowest level since June 2022. Consumers remain worried about the economic outlook due to the longest shutdown in US history. A total of 62% of households expect unemployment to rise over the coming year, up from 52% in the previous month.

According to the Food and Agriculture Organization of the United Nations, the global food price index declined for a second consecutive month in October, reaching 126.4 points, which is 21.1% below the March 2022 peak. This decline is mainly driven by a 5.3% drop in sugar prices and a 3.4% decrease in dairy prices.

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