Business · Markets · 3 hrs ago
Nasdaq rebounds but records a fourth straight weekly loss
US technology shares rose on Friday after suffering their biggest drop in more than a year.
The Nasdaq gained 1.09% that day but still recorded its fourth weekly loss in a row.
The S&P 500 also rose, while the Dow Jones Industrial Average fell.
Investors are looking for signs about artificial intelligence's future, which has become a major focus of the market.
AI-related growth helped drive US stock indexes to dozens of record closes this year, despite recent market swings.
The rebound reflects confidence in AI's growth, but investors are still weighing the outlook for the technology.
Tech stocks now have to show they can sustain their gains, as investors continue to watch for clues about AI's direction.