Tech Stocks Rebound from Friday's Sell-Off, Gold and Silver Scale New Record Highs

Barry Adams
13 Oct, 2025
New York City

U.S. stock indexes edged higher on Monday after registering steep losses on Friday. 

The S&P 500 index advanced 1.0%, the tech-heavy Nasdaq Composite rose 1.3%, and gold inched higher into record territory to $4,070 an ounce. 

The U.S. president's announcement of additional steep tariffs on China, which stoked fears of escalation in the trade war, shocked investors on Friday. 

Trump's threat to impose additional 100% tariffs rattled Wall Street, and major indexes dropped 3% in New York and more than 1.5% in Europe. 

The mercurial Donald Trump's move to threaten its key trading partner with aggressive tariffs reignited fears of trade uncertainty and resurgent inflation.  

However, those fears receded after Trump walked back from his threats on Sunday, but not without injecting volatility into global financial markets.  

Global investors have started shifting away from allocating funds to the U.S. dollar-denominated assets, including Treasury bonds and notes, as the federal government shutdown entered its third week. 

The U.S. federal government debt is projected to reach $37.2 trillion by the end of the current fiscal year in September, and the annual deficit is expected to remain above 6%.  

Investors have overlooked elevated U.S. debt and deficit and unresolved U.S. trade policy for months now and bid up AI stocks as traders chase returns.  

Confidence in the U.S. dollar and U.S. dollar-denominated assets has been shaken by rising macroeconomic headwinds, persistent attacks on the Federal Reserve's independence, and the Trump administration's interference with economic statistical reporting.  

 

Week Ahead

In the week ahead, U.S. investors are looking forward to earnings releases from major banks and leading financial services providers as the government shutdown enters its third week.  

The economic data blackout is likely to continue next week as lawmakers of both parties struggle to strike a compromise and end the federal government shutdown. 

The Labor Department plans to bring back some staff to calculate the consumer price inflation index for the third quarter, which is used by the Social Security Agency to calculate and publish annual cost of living adjustments before November 1. 

However, the release of monthly reports on CPI, PPI, housing starts, retail sales, building permits, and import and export prices is likely to be delayed. 

Earnings releases are scheduled to pick up, and Citigroup, JPMorgan Chase, Bank of America, Morgan Stanley, Goldman Sachs, BlackRock, American Express, and Charles Schwab are set to release their quarterly results on Tuesday and Wednesday. 

 

U.S. Stock Movers 

AI-linked tech stocks rebounded from Friday's sell-off, but market anxieties stayed elevated. 

Nvidia Corp. jumped 2.4% to $187.88, AMD gained 3.2% to $221.72, Alphabet increased 1.1% to $240.85, and Microsoft gained 1.1% to $516.99.