US Market Update

US stock markets ended a volatile week on a mixed note, with technology stocks under pressure amid concerns over artificial intelligence (AI) spending, rising infrastructure costs and changing expectations for US interest rates. For the week ended June 26, the Dow Jones Industrial Average outperformed its peers, gaining about 0.6% to close at a record high. The broader S&P 500, however, declined 2.0%, while the tech-heavy Nasdaq Composite tumbled 4.6%, reflecting sustained pressure on semiconductor and large-cap technology stocks.