Markets Navigate Choppy Trading Amid Commodity Rally

U.S. markets last week closed modestly lower, with the S&P 500 down 0.3% to 6,915.6, the Dow down 0.5% to 49,098.7, and the Nasdaq down 0.1% to 23,501.2 amid sector rotation and a 4.4% Q3 GDP revision. Commodities surged—gold near $4,980 and silver above $100—Bernstein warns of a 2027 copper shortage tied to AI scaling, while the Trump administration plans a $1.6 billion stake in USA Rare Earth.