S&P 500 and Nasdaq pare declines as AI selloff eases
The S&P 500 traded near flat after recouping most early losses, while the Nasdaq neared a one-month low earlier. Investors rotated into defensive sectors as fresh data pointed to building U.S. price pressures.
The S&P 500 recovered most of its early losses and was trading near flat on Thursday. The AI-stock selloff eased, while investors shifted toward defensive sectors as new data pointed to building US price pressures. The Nasdaq earlier approached a one-month low.