S&P 500 Up, Nasdaq Drops 2% on AI Sell-Off — SkimNews
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- S&P 500 ended higher Friday as traders shifted capital from AI stocks into healthcare, according to Reuters.
- Nasdaq slid 2% on Friday to log its worst week since June, pressured by an AI sell-off and oil prices, per CNBC headlines.
Why it matters: The session exposed a sharp cross-sector split: healthcare absorbed capital fleeing AI-exposed tech, with the Nasdaq shedding 2% in a single day for its worst weekly performance since June even as the broad S&P 500 finished green — meaning the AI unwind hit concentrated tech names far harder than the wider market.
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