Nasdaq slips over AI spending ahead of earnings reports
The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next batch of megacap earnings reports, while falling oil prices provided Wall Street with some support even as Middle East hostilities continued.
The S&P 500 ended close to flat but its biggest weight came from the S&P 500 technology index, which underperformed the broader market as chip stocks fell.
The S&P 500 ended close to flat but its biggest weight came from the S&P 500 technology index, which underperformed the broader market as chip stocks fell.
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