The S&P 500 and the Dow Jones added 0.1% and 0.2%, respectively, while the Nasdaq fell 0.2% as a tech-led tumble erased early gains and left markets awaiting clearer macro direction.
Heavyweights tied to the AI theme, including Broadcom (-5.6%), Oracle (-2.6%), and several semiconductor names, weighed on performance after Broadcom flagged margin pressures and Oracle delivered softer guidance, reviving concerns over the profitability and financing of large-scale AI investments.
ServiceNow's 11.6% plunge following reports of a sizable acquisition and a KeyBanc downgrade added to volatility in software, reinforcing pressure on richly valued growth stocks. Other mega-cap tech names also traded lower, including Apple (-1.5%), Microsoft (-0.8%), Alphabet (-0.4%), and Amazon (-1.6%).
Still, select mega-caps such as Nvidia (0.7%) and Tesla (3.6%) held firm. Caution was further reinforced by the approach of a data-heavy week, including delayed US labor figures and CPI.
Source: trading Economi
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