S&P up Slightly as Tech Dips

S&P up slightly as tech dips

The S&P 500 closed barely higher on Friday, supported by cooling inflation data, but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence. The S&P 500, the Nasdaq and the Dow all declined for the week with technology stocks on a roller-coaster ride due to uncertainty about the extent to which profits could be disrupted due to AI competition and t…

S&P 500 ends up slightly as tech dips, inflation cools

NEW YORK — The S&P 500 closed barely higher Feb. 13, with technology and communications services down on nagging fears of AI-disruption but equities drew support from optimism that cooling inflation data would support Federal Reserve rate cuts.

US: S&P 500 ends up slightly as tech dips, inflation cools

Megacap tech stocks are weak with Nvidia and Apple providing big drags