Stocks End Week Lower as AI/Semiconductor Selloff Deepens
- The S&P 500 slipped 0.05% to 7,353.95 on Friday, while the Nasdaq fell 0.24% to 25,297.62 and the Dow edged down 0.09% to 51,876.11, capping a losing week for major US indexes.
- For the week, the S&P 500 lost 2.05% and the Nasdaq dropped 4.7%, with AI-linked chip stocks tumbling 5.3% — their worst weekly performance since early April — on concerns about heavy AI data-center capital spending.
- Apple recovered 3.1% Friday after raising iPad and MacBook prices, while Moderna jumped nearly 13% on a positive investor event, highlighting sharp sector rotation away from mega-cap tech.