Dow Holds Steady While Nasdaq Stumbles: What Moved Markets This Week

The Nasdaq fell 2.5% for the week amid concerns about unsustainable AI infrastructure spending, with major tech stocks declining. The Dow remained relatively stable, buoyed by strong earnings from Travelers and UnitedHealth Group. Chip stocks faced particular pressure following Taiwan Semiconductor's increased capex forecast and IBM's profit warning, while Netflix dropped 8.5% despite meeting expectations.