Stock futures were mixed Friday, with the Dow Jones Industrial Average ticking higher and the S&P 500 slipping after each set a closing record, while the Nasdaq pointed sharply lower as tech shares continued to decline on AI bubble fears.

More drops for superstar AI stocks knocked Wall Street off its record heights. The S&P 500 fell 1.1% Friday from its all-time high.

Stocks fell broadly on Friday, as traders pared their bets on artificial intelligence in an increasingly uncertain market for tech. The S&P 500 and the Nasdaq Composite each ended the week lower, after posting two weeks of gains.

Renewed concerns about the AI boom have weighed on tech shares

The Dow Jones Industrial Average got a boost to intraday record territory Thursday as investors piled into stocks that could benefit from an expanding economy. The Dow was up 0.9%, near 48,474, at last check,

More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy knocked the U.S. stock market off its record highs.

The Dow Jones Industrial Average climbed to another record on Friday as investors continued to rotate out of technology shares and into value-oriented sectors.

The nearest support level for NASDAQ is located in the 25,200 – 25,250 range. In case NASDAQ manages to settle below the 25,200 level, it will head towards the next support at 24,800 – 24,850. RSI remains in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

I agree to the Terms of Use , Privacy Notice and Cookie Notice. I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time.

U.S. stock futures swung between gains and losses on Friday after Thursday’s mixed close. Futures of major benchmark indices were mixed.

The Dow Jones and Russell 2000 hit record highs while the Nasdaq slashed early losses. Broadcom sees AI chip sales doubling.