On Friday, U.S. equity markets wrapped up a choppy trading week with a mixed closing as investors navigated volatility in the tech sector and growing uncertainty over interest-rate policy. The Dow Jones Industrial Average slipped about 0.65 %, closing near 47,147.48 points. Meanwhile, the S&P 500 edged down roughly 0.05 % to 6,734.11, while the Nasdaq Composite eked out a small gain of about 0.13 % to 22,900.59.
The session began in rough territory, with tech-heavy names among the hardest hit amid concerns that the recent surge in artificial-intelligence-linked stocks may have outpaced fundamentals. According to one report, the Nasdaq started the day down more than 1.6 % before reversing to finish slightly in the green.
Heightening investor caution were remarks from policymakers at the Federal Reserve signalling that further rate cuts may not be imminent. Fed officials voiced concern over persistent inflation and strong labour-market readings, dampening hopes for a December rate reduction.
Looking ahead, all eyes turn to heavyweight tech companies, especially Nvidia Corporation, whose upcoming earnings report is seen as a possible catalyst for the broader market. One strategist said that if Nvidia disappoints, “they will be punished,” yet added that dip-buyers may rush in nonetheless.
For the week, the S&P 500 and Dow secured modest gains despite today’s softness, reflecting underlying resilience. Still, the overall tone remains cautious: markets are grappling with stretched valuations, policy ambiguity and the next phase of tech-sector rotation.
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