The latest selloff in AI stocks pulled the S&P 500 down 1.2% to 7,663.43, its worst day since July, and the Nasdaq Composite fell 2.6% to 26,008.86. Weakness in tech masked gains elsewhere, as most U.S. stocks rose, with the Dow edging up less than 0.1% to 52,867.98 and the Russell 2000 up 0.1% to 2,784.03. Investors have worried that high interest rates could threaten the AI boom, which pulled Treasury yields sharply lower, while oil prices jumped on concerns about the war with Iran. For the week, the S&P 500 gained 0.1%, the Dow 1.7% and the Russell 2000 2.3%, while the Nasdaq fell 0.5%.
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