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The Nasdaq Composite ended Friday’s trading session down for the fourth consecutive week, marking a continued decline in the technology‑heavy index despite a broader rally in U.S. stocks. The index fell 0.32% to 24,579.43 points, while the S&P 500 gained 0.32% to 7,376.92 points and the Dow Jones Industrial Average slipped 0.46% to 51,286.21 points. Investors remain focused on the trajectory of artificial intelligence (AI) as a key driver of market sentiment. “We still believe AI is the dominant theme in this rising market… we still give the technology sector a chance to prove itself,” said Keith Learner, CEO of Trewist Advisory Services in Atlanta, according to Reuters. The statement reflects confidence in the expanding AI sector, which has helped U.S. equity indices record multiple record‑high close this year. The rally in technology shares follows a period of volatility that began in August when long‑term U.S. Treasury yields spiked, prompting broader market swings over the past month. Despite these disruptions, AI‑related stocks have continued to attract investor interest, contributing to the recent gains in the Nasdaq and other major indices. Article source: Al Bilad | Image credit: Al Bilad
The Nasdaq Composite ended Friday’s trading session down for the fourth consecutive week, marking a continued decline in the technology‑heavy index despite a broader rally in U.S. stocks. The index fell 0.32% to 24,579.43 points, while the S&P 500 gained 0.32% to 7,376.92 points and the Dow Jones Industrial Average slipped 0.46% to 51,286.21 points. Investors remain focused on the trajectory of artificial intelligence (AI) as a key driver of market sentiment. “We still believe AI is the dominant theme in this rising market… we still give the technology sector a chance to prove itself,” said Keith Learner, CEO of Trewist Advisory Services in Atlanta, according to Reuters. The statement reflects confidence in the expanding AI sector, which has helped U.S. equity indices record multiple record‑high close this year. The rally in technology shares follows a period of volatility that began in August when long‑term U.S. Treasury yields spiked, prompting broader market swings over the past month. Despite these disruptions, AI‑related stocks have continued to attract investor interest, contributing to the recent gains in the Nasdaq and other major indices.
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