Why Big Tech Dumped While the Dow Surged

The Friday session closed mixed as the Nasdaq fell while broader value stocks held ground. Here is why: mounting anxiety over heavy AI capital expenditures triggered a sharp selloff in semiconductors, even as falling crude oil prices fueled a rotation into value and rate-sensitive sectors. 🟢 Sector Winners: Real Estate (+2.3%), Financials, and Industrials. 🔴 Sector Losers: Information Technology and Semiconductors (-2.37%). 🔔 The Look Ahead: Keep your eyes on the critical 7,400 S&P 500 gamma support level ahead of next week's Fed rate decision and heavyweight earnings from Microsoft, Meta, Apple, and Amazon. Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.