Last Week's Recap 1.Weekly Market Digest: Tech Selloff, Growth Stalls, Oil Surges, Yields Ease Tech trouble — Heavy tech selling weighed on $NASDAQ(.IXIC)$ , which retreated 4.5% for the week, ending 5.3% below its October 6 record high. $S&P 500(.SPX)$ fell 1.9%; Dow managed a fractionally positive result. Growth stalls — Rotation away from AI-related stocks and chipmakers hit large-cap growth; growth benchmark finished down 5.0%, while value climbed 0.9% on strength in healthcare and defensives. Oil price surge — U.S. crude $WTI Crude Oil - main 2612(CLmain)$ rose more than 8% for the week, back above $100 per barrel Friday, amid Middle East supply unc
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. IWPB segment comprises premier banking outside of Hong Kong and the UK, its private bank, and its wealth manufacturing businesses of asset management and insurance. Its customers worldwide through a network covering 56 countries and territories. Its customers range from personal banking and wealth customers to large corporates, institutions and governments.