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US stocks today: Nasdaq lags on angst over AI spending ahead of earnings reports
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Economic Times
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"Late on Thursday, Intel forecast quarterly profit and revenue above Wall Street estimates and outlined plans to increase spending over the next two years.
Still, the chipmaker's shares sank on Friday along with the Philadelphia SE Semiconductor index.According to preliminary data, the S&P 500 gained 3.74 points, or 0.07%, to end at 7,413.30 points, while the Nasdaq Composite lost 157.35 points, or 0.63%, to 24,980.34.
The Dow Jones Industrial Average rose 235.87 points, or 0.46%, to 51,947.52.Among the S&P 500's 11 major industry indexes, real estate outperformed during the session.
Still, U.S. missiles struck targets across Iran after President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen.