Traders work on the floor of the New York Stock Exchange during morning trading on October 14, 2026 in New York City.
Michael M. Santiago | Getty Images
Stocks fell on Friday as traders headed for a mostly losing week as technology and artificial intelligence stocks changed hands.
of S&P500 Although it fell by 1%, Nasdaq Composite It decreased by 1.9%. of Dow Jones Industrial Average It outperformed, down 241 points (0.5%).
Chipmakers fell again. of VanEck Semiconductor ETF (SMH) 1% decrease due to decrease in micron technology, advanced micro device and sandisk. The semiconductor industry has been struggling this week amid concerns over competition from China. SMH is down 8% since the start of the week, its biggest weekly decline since July.
These declines, combined with declines in other AI-related stocks, put the S&P 500 on pace for a down week. Benchmark indexes have fallen nearly 2% this week, with the Nasdaq down more than 4%. Meanwhile, the Dow Jones Industrial Average rose less than 1% for the week.
Investors are also growing concerned that tech companies are borrowing heavily to develop AI. neocloud shares are as follows coreweaveThe company, whose total debt has increased to more than $51 billion, fell 10%, taking its week-to-date loss to more than 23%.
“The question is: Is this a systemic problem?” said Michael Rosen, Angeles chief investment officer. “Obviously, the increase in debt issuance is something we should continue to monitor and be concerned about if it continues to reach excessive levels. But we are not far from that at this point.”
Other areas of the market rose on Friday, including energy. chevron This has helped limit losses for the Dow Jones Industrial Average. This is because oil prices have increased amid rising tensions between the United States and Iran, Russia and Ukraine. West Texas Intermediate Crude Oil Futures Prices rose 2% to over $100 per barrel. brent crude oil futures It rose 3% to over $109.
At the same time, investors are struggling with better-than-expected inflation statistics, made worse by soaring energy prices after the U.S.-Iranian war. Wholesale inflation rose this week by the most since 2022, while consumer inflation remained well above the Federal Reserve’s 2% target.
Federal Reserve Chairman Kevin Warsh spoke at an IMF event in Bangkok overnight. He also did not comment on whether the Fed would raise rates by the end of the year, which traders took as a sign that the Fed would keep policy on hold later this month. CME Group’s FedWatch tool says there is an 85% chance the Fed will leave overnight interest rates unchanged at its Oct. 27-28 meeting.
