New York —
Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble.
The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald Trump’s announcement of so-called reciprocal tariffs rocked markets.
The benchmark S&P 500 gained 0.13% on Friday after falling as much as 1.3% during earlier trading. The blue-chip Dow closed higher by 75 points, or 0.16%, after sliding more than 400 points earlier. The Nasdaq fell as much as 2.1% earlier before recouping losses.
Stocks bounced off their lowest levels of the day on Friday as investors bought the dip and embraced hopes that the US government shutd
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