Newscasts - S&P 500 ends up slightly as tech dips, inflation cools

Arista Networks

14/02/2026 24:18

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Source: 'Reuters - Business videos'

Description: The S&P 500 closed barely higher on Friday, supported by cooling inflation data, but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence. Lisa Bernhard has more.

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Video Transcript:

US stocks were little changed on Friday, with the Dow and S&P 500 ticking up fractionally, and the NASDAQ making the biggest move with a less than 0.25-percentage-point drop. All three indexes declined for the week, with tech stocks on a roller-coaster ride due to uncertainty over AI disruption of the sector, as well as massive AI-related spending. Nancy Tengler is CEO and Chief Investment Officer at Laffer Tengler Investments.

I think you're seeing a market that's tug-of-warring between fear and greed. And that's typical in these periods. Just going back to DeepSeek. Broadcom was down 15% and ended up 102. Google was down 18%, ended up 100. In these periods, it's very difficult to step in. And so, the NASDAQ is getting punished. But we don't think the technology trade's over. And frankly, without technology, it's going to be very hard for the market to go up in any sustainable fashion.

Shares of NVIDIA and Apple, both down more than 2%, were the biggest drags on the S&P 500. Shares of Applied Materials provided the strongest boost, jumping more than 8% after the chipmaking-equipment firm forecast second-quarter revenue and profit above Wall Street expectations. And shares of networking equipment provider Arista Networks gained nearly 5% after forecasting annual revenue above expectations. Meanwhile, the latest inflation data showed US consumer prices increased less than expected in January. Traders now put the chances of an interest rate cut from the Federal Reserve in June at more than 50%, according to the CME Group's FedWatch Tool.