S&P 500 and Nasdaq Slip as Traders Dump Tech and AI Stocks
Tech and AI names dragged the S&P 500 and Nasdaq lower for the week while the Dow logged a third straight weekly gain.
The market sent a clear message this week: rotation is real. Investors pulled money out of tech and AI darlings, leaving the S&P 500 and Nasdaq in the red by Friday's close. If you've been riding the AI wave without a stop-loss, this week was a wake-up call.
Meanwhile, the Dow Jones kept its winning streak alive, notching a third consecutive weekly gain. The catalyst? Cooling oil prices gave industrials and consumers some breathing room, and strength in pharma and materials stocks picked up the slack that tech couldn't carry.
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The rotation narrative is the trade you need to watch right now. Money doesn't disappear — it moves. When growth and momentum names like the AI plays get hit, defensive and value sectors tend to absorb those flows. Pharma and materials outperforming is exactly that playbook running live.
Stocks in focus this week included ON Semiconductor, Apple, SLS, INFQ, and Nike. Each tells a piece of the broader story — whether that's semiconductor exposure to AI infrastructure, consumer brand pressure, or biotech swings. These are the names setting the tone heading into next week's open.
Bottom line: the index-level weakness masked a lot of under-the-hood action. Don't just watch the scoreboard — track where the volume and relative strength are actually showing up. Continue reading at Yahoo.
