Bears mauled AI stocks, but the Dow Jones and Russell 2000 hit new highs last week. Tesla and Eli Lilly are in buy zones.
Major stock indexes fell Friday as technology shares remained under pressure on AI bubble fears. The tech-heavy Nasdaq sank, and the S&P 500 and Dow Jones Industrial Average pulled back from records.
Stocks were struggling for direction on Friday, as investors tried to make sense of another set of so-so Big Tech earnings.
A.M. Eastern Time, the S&P 500 fell 1.3%, the Nasdaq Composite shed 1.9%, and the Dow Jones Industrial Average lost 0.6%.
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