The Dow Jones Industrial Average reached a new all-time high on an intraday basis early in Friday's trading session but shortly succumbed to selling pressure on tickers with ties to the AI revolution. It's all quiet on the economic calendar, but the earnings calendar continues to provide fresh fuel for the AI boom vs AI bust debate.
Markets were almost entirely focused on stocks and sectors on Friday, with no incoming data, official or otherwise, reported. Semiconductor superstar Nvidia (NVDA, -3.3%) and AI hyperscalers Amazon.com (AMZN, -1.8%) and Microsoft (MSFT, -1.0%) were major culprits among Dow Jones stocks.
