BSP Drops 15.6% as Nasdaq Falls 2.1% at Friday Close

Transcript

BSP plunged 15.6% today to $47.07. In our top stock story, Bending Spoons S.p.A. led today's large-cap decliners after snapping a three-session winning streak. Even with today's sharp pullback, the stock remains up 23.84% over the past seven days. Turning to the close, Wall Street finished Friday broadly lower across all three major benchmarks. Tech shares saw the heaviest selling, with the Nasdaq Composite tumbling 2.14% to finish at 26,140 points. The broader S&P 500 closed down 1.09% at 7,659 points, while the Dow Jones Industrial Average dropped 0.34% to end at 52,002. Crypto markets are also seeing downward pressure over the past twenty-four hours. Bitcoin is trading at $81,614, down 0.82%. Ethereum has fallen further, trading lower by 1.85% to reach $2,412. Over in foreign exchange, major currency pairs held completely steady today. The euro stands unchanged at 1.1215 against the US dollar. The dollar is flat against the Japanese yen as well, holding at 158.09. In commodities, energy and precious metals posted notable advances. West Texas Intermediate crude oil jumped 2.48% to trade at $98.89 a barrel. Gold gained ground too, rising 0.43% to trade at $4,188 an ounce. Looking at rates, fixed income yields edged slightly higher to wrap up the trading week. The benchmark US 10-year Treasury yield rose one basis point to 5.10%. On the macroeconomic front, official data showed the US unemployment rate stood at 4.20% as of September 1, 2026. That concludes our cross-asset wrap for the final trading session of the week. Have a restful weekend ahead, and we will see you back here on Monday. That's Market Close on rawfin.tv. Information, not investment advice.