Weekly Market Recap - Friday, 10-Oct
Update: 2025-10-10
Description
Stocks were lower after a Friday selloff pushed the major averages into the red for the week, with the major averages all off for the second week in the past three. The Friday pullback was tabbed to rising trade and tariff tensions between the US and China. AI was the other area of focus this week, as the AI secular growth narrative was helped by the announcement that OpenAI will buy $300B dollars of computing power from AMD in the next five years, while having the option to purchase up to a 10% stake in the chipmaker over time.
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