U.S. stocks saw heightened volatility this week amid investor concerns about financing massive artificial intelligence (AI) projects and shortages of critical components such as memory chips.
Lower oil prices and a solid gross domestic product (GDP) report helped contain the losses, mostly in the tech sector, as investors directed funds into other sectors rather than pulling them out of equities altogether.
For the week, the Dow Jones Industrial Average gained 0.60 percent to close at 51,876. The S&P 500 closed 1.95 percent lower to 7,354, near the low for the week. The Nasdaq Composite was down 4.60 percent, while the Russell 2000 gained 1.02 percent.
The Chicago Board Options Exchange Volatility Index closed the week at 18.41, up 6.54 percent….