S&P 500 Posts Weekly Gains Amid AI Sector Rally Despite Friday Decline
The S&P 500 closed the week with gains despite a modest decline on Friday, driven by strong performance in artificial intelligence (AI) stocks like Nvidia. On Friday, Wall Street ended lower as investors processed comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium. While the broader indices saw slight losses—SP 500 down 0.25%, Nasdaq Composite -0.5%—the AI sector remained a key driver of market momentum throughout the week, with Nvidia leading the charge in tech-related gains.
Tickers: $NVDA
Topics: Federal Reserve Jackson Hole Symposium stock market performance