AI Spending Jitters and an Oil Spike: Nasdaq Slips for a Second Week
- The S&P 500 fell 0.5% and the Nasdaq 0.7% for the week, while the Dow rose 0.4% and the Russell 2000 gained 2.0%.
- Thursday was the turning point: after Meta's results raised AI spending worries, the Nasdaq dropped 2.6%, its worst day since June.
- Houthi attacks on Saudi Arabia pushed Brent up about 6% for the week to $116.72, its highest settlement since April.