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Wall Street records diverge as tech stocks face profit-taking
US markets diverged as small-cap stocks surged, the S&P 500 hit record highs, and technology shares faced profit-taking pressure.
US equity markets delivered mixed performances, with the S&P 500 closing at a record high even as the Nasdaq slipped due to selling pressure in technology stocks. Alphabet and Nvidia weighed on tech sentiment, while Dow futures edged higher. The small cap Russell 2000 climbed 2.7 percent over the week to reach an all time high, signaling broad-based risk appetite. Meanwhile, Broadcom shares declined as investors demanded stronger returns from artificial intelligence investments.