Insights

U.S. stocks ended a jittery week mostly lower. AI-related tech stocks, which have dominated the market for much of the year, sold off sharply on Thursday, largely due to corporate borrowing and overspending concerns. Investors moved away from tech to more value-driven sectors this week, such as health care, financials, and utilities.

The benchmark indexes closed lower last week, snapping a multi-week winning streak. Despite a rally last Friday, stocks retreated in response to elevated Treasury yields, rising crude oil prices, mixed corporate earnings, and weakness in key tech and mega-cap shares.

Wall Street ended the week with broad gains, record-setting index performances, and a notable shift toward broader market participation beyond tech and AI shares.