The S&P 500 ebbed lower Friday, weighed down by a decline in Nvidia shares, but held onto its third consecutive week of gains.
The benchmark index dipped 0.2%, bringing its week-to-date rise to 0.6%. The Nasdaq Composite shed 0.2% for the day and was little changed for the week. The Dow Jones Industrial Average was the relative outperformer, inching up slightly to bring its weekly gain to 1.5%.
“AI enthusiasm is winning over higher rates,” said Scott Duba, chief investment officer at Prime Capital Investment Advisors.
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