U.S. stocks experienced another volatile week. Despite a strong rally early on, all major averages posted sharp weekly losses because of a late-week sell-off, led by Big Tech shares and small caps, which fell on stagflation fears—a double headwind for equities. The cooling of artificial intelligence (AI) sentiment further weighed on the market.
The S&P 500 ended March 28 at 5,580, down by 1.53 percent for the week; the Dow Jones Industrial Average fared better, down by 0.96 percent to close at 41,583; the Nasdaq performed the worst, ending the week at 17,322, down by 2.59 percent; and the small-cap Russell 2000 was down by 1.64 percent to finish at 2,023.
