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Stocks•26 June 2026•

1 min read

US stocks end lower as AI selloff weighs; defensive sectors gain

Key Facts

1The Nasdaq Composite fell 0.48% to close at 25,236.88 as technology and AI stocks continued to be sold off.

2The Dow Jones Industrial Average posted a weekly gain of about 0.62% despite dropping 125.78 points on Friday to end at 51,794.84.

Amid growing concerns over excessive AI spending, US stock indices ended lower on Friday as investors continued to sell technology and artificial intelligence shares. According to reports, the Nasdaq Composite fell 0.48% to close at 25,236.88, while the Dow Jones Industrial Average dropped 125.78 points to 51,794.84. Still, the Dow posted a weekly gain of approximately 0.62%.

The intraday moves reflected a sector rotation as investors shifted into defensive sectors such as healthcare, utilities, and consumer staples. Meanwhile, the US Services PMI, released on June 23, rose to 51.3 (from 50.7), indicating ongoing expansion in the services economy, which further supported demand for defensive stocks amid a moderate growth backdrop.