- Indexes: milestone for the Dow, flat-ish week for the S&P
- The S&P 500 slipped 0.10% for the week to 6,932.30, and is up about 1.3% year-to-date.
- The Dow Jones surged 1,206 points (+2.5%) on Friday
A wild week on Wall Street ended with a historic milestone: the Dow closed above 50,000 for the first time ever, just days after a bruising tech and AI selloff shoved the S&P 500 briefly negative for 2026 and hammered the Nasdaq.
Behind the headlines, investors started to rethink the “AI lifts all tech boats” story. Amazon’s massive AI capex plans, a big miss from AMD, and weakening U.S. labor data triggered a sharp rotation out of crowded software and chip names, before a powerful rebound on Friday calmed nerves.
The big picture: earnings are still growing solidly, but markets are getting far more selective about who actually turns AI spending into profits. Volatility is back – and that can be a feature, not a bug, for long‑term investors.
📊 What’s Happening
