S&P 500, Nasdaq Fall Third Straight Week on AI Spending Concerns
Published 1 d ago3 sourcesEvidence: Reported
US equities closed mixed with the Nasdaq falling 1.1% and dragging the S&P 500 lower, while the Dow rose 0.4%. Tech sector volatility continues from last week, reflecting ongoing investor uncertainty. The divergence between indices suggests rotation out of tech into other sectors.
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US equities, particularly the Nasdaq and S&P 500, have experienced a third consecutive weekly decline, driven by investor concerns over the substantial capital expenditures in AI by technology giants and weaker-than-expected tech earnings. This sell-off reflects growing uncertainty regarding the near-term returns on AI investments and has led to a rotation out of tech into other sectors. The underlying drivers for continued chip sector pressure remain unclear.
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