Today’s session saw a mixed but largely subdued performance across major indices, with the S&P 500 edging down 0.05% to 7,354.02, the Nasdaq declining 0.24% to 25,297.62, and the Dow slipping 0.09% to 51,876.11. The overall tone leaned slightly risk-off, as tech-heavy sectors weighed on broader sentiment. A key driver was renewed pressure on AI-related stocks, with reports of a potential delay in OpenAI’s IPO contributing to uncertainty. Chip stocks, already under strain, extended losses, dragging the Nasdaq lower. Meanwhile, the S&P 500 remained on track for a losing week, reflecting lingering caution amid the tech sell-off.

Despite the broader weakness, pockets of resilience emerged. SpaceX drew attention as a focal point for traders, while Micron’s revival in AI-related bets provided some support to semiconductor names. Oil prices slumped, adding to the day’s cross-asset volatility. Small-cap stocks underperformed, with heavy construction plays standing out as an exception. The session underscored a cautious market mood, with investors parsing mixed signals—ranging from tech sector jitters to selective rallies in niche areas like aerospace and infrastructure. The lack of a clear catalyst left indices drifting, though the Nasdaq’s deeper decline highlighted the outsized influence of AI and chip stocks on sentiment.