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US stocks fluctuate with week losing streak
U.S. stock performance varied on Friday, with the S&P 500 rising by about 0.1%, while the Nasdaq declined by 0.2%, and the Dow Jones increased by 0.4%. Nonetheless, U.S. equities recorded weekly losses, driven by declines in the semiconductor and artificial intelligence sectors, as the VanEck Semiconductor ETF fell more than 1%, leading to a weekly drop of 9%. This happened amid concerns over Chinese competition and inflation data that came in higher than expected, with a roughly 85% likelihood of steady interest rates until the end of October.
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