Stocks fell broadly on Friday, as traders pared their bets on artificial intelligence in an increasingly uncertain market for tech. The S&P 500 and the Nasdaq Composite each ended the week lower, after posting two weeks of gains.

The Dow was up 1.3%, or nearly 600 points, and near session highs. Shares of Nike NKE, American Express AXP, and Johnson & Johnson JNJ led the charge. Tech leaders were mixed with Nvidia NVDA and Microsoft MSFT declining while Salesforce CRM and Cisco CSCO advanced. The S&P 500 picked up 0.8% after losing ground earlier.

U.S. stock futures swung between gains and losses on Friday after Thursday’s mixed close. Futures of major benchmark indices were mixed. Thursday experienced a rotation out of expensive tech names, which helped U.

Follow live updates on the Dow, S&P 500 and Nasdaq and the top business, finance and economics stories.

The Dow reversed from earlier gains and gave back 0.3% as the S&P 500 hovered in break-even territory. The Nasdaq composite rose 0.1% after morning losses. Small caps outperformed, with the Russell 2000 hitting a record high before trimming its gains to 0.3%.

U.S. stock futures dropped on Thursday after Wednesday’s advances. Futures of major benchmark indices were lower. The Federal Reserve delivered a 25 basis points cut on Wednesday, bringing the rates down to 3.

The major stock market indexes do not yet reflect the bullish tendencies of sector rotation and broadening participation.

Among the Nasdaq-100 stocks, Netflix NFLX and Warner Bros. Discovery WBD rallied 2.1% and 1.5%, respectively, making them some of the best performers just after the market open. Meanwhile, Micron Technology MU sold off nearly 4%. Shares are easing from this week's all-time highs.

U.S. stock futures swung between gains and losses on Friday after Thursday’s mixed close. Futures of major benchmark indices were mixed.

Stock futures were mixed Friday, with the Dow Jones Industrial Average ticking higher and the S&P 500 slipping after each set a closing record, while the Nasdaq pointed sharply lower as tech shares continued to decline on AI bubble fears.

The Dow Jones index fell Monday. Warner Bros Discovery takeover drama continued on the stock market today. Nvidia rose on China H200 hopes.