<p>A fresh burst of selling in chipmakers and artificial-intelligence names dragged U.S. equities into mixed territory Friday, sending the tech-heavy Nasdaq 100 lower while a value-oriented Dow Jones clung to gains near record highs.</p>



<p>Investors continued to question whether the industry’s massive AI spending can justify its lofty valuations.</p>



<p>West Texas Intermediate crude tumbled 4.7% to around $68.55 a barrel, leaving the U.S. benchmark down nearly 23% for the month. This marks the worst monthly performance since March 2020 as traders look past the Hormuz headlines toward signs OPEC is restoring Iraq’s pre-war production allocations.</p>



<p>The S&amp;P 500 was roughly flat at 7,363, up about 0.1%, while the Dow Jones Industrial Average added around 61 points, also up 0.1% to near 51,982, supported by strength in software and other non-AI names. </p>



<p>The Nasdaq 100 underperformed, falling 0.6% to about 29,253 as the AI trade wobbled. Gold added 1.3% to around $4,081 an ounce, clawing back some ground despite remaining down roughly 8% for the month. </p>



<h2>Friday’s Performance In Major US Indices</h2>



<figure class="wp-block-table is-style-stripes"><table><thead><tr><th>Index</th><th>Last</th><th>% Change</th></tr></thead><tbody><tr><td>S&amp;P 500</td><td>7,363.43</td><td>+0.1%</td></tr><tr><td>Dow Jones</td><td>51,982</td><td>+0.1%</td></tr><tr><td>Nasdaq 100</td><td>29,253</td><td>-0.6%</td></tr><tr><td>Russell 2000</td><td>3,005.03</td><td>-0.1%</td></tr></tbody></table></figure>



<p><em>Updated by 12:25 PM ET</em></p>



<p>According to the Benzinga Pro platform:</p>



<ul>
<li>The <strong>Vanguard S&amp;P 500 ETF (NYSE:VOO)</strong> edged up 0.1%.</li>



<li>The <strong>SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA)</strong> gained 0.1%.</li>



<li>The <strong>Invesco QQQ Trust (NASDAQ:QQQ)</strong> slid 0.6%.</li>



<li>The <strong>iShares Russell 2000 ETF (NYSE:IWM)</strong> dipped 0.1%.</li>
</ul>



<h2>Semiconductors Crater As Money Rotates Into Defensives</h2>



<p>Technology was the clear laggard, with the chip rout deepening across the complex. The <strong>VanEck Semiconductor ETF (NASDAQ:SMH)</strong> sank 3.4%, the worst-performing industry fund on the screen. </p>



<p>By contrast, money rotated into software and defensives: the <strong>iShares Expanded Tech-Software Sector ETF (NYSE:IGV)</strong> jumped 3.2%, the <strong>VanEck Gold Miners ETF (NYSE:GDX)</strong> climbed 3.1% alongside firmer bullion, and the <strong>iShares Biotechnology ETF (NASDAQ:IBB)</strong> gained 2.6%.</p>



<p>The epicenter of the selling was <strong>ON Semiconductor Corp. (NASDAQ:ON)</strong>, which cratered 21% after agreeing to acquire <strong>Synaptics Inc. (NASDAQ:SYNA)</strong> in an all-stock deal valued at roughly $7 billion. </p>



<p>The damage spread across chip and AI-hardware names, extending pressure that has built since Broadcom’s recent AI-revenue guidance disappointed. </p>



<p>Optical and AI-networking suppliers <strong>Lumentum Holdings Inc. (NASDAQ:LITE)</strong> and <strong>Corning Inc. (NYSE:GLW)</strong> slid 8.4% and 7.8%, respectively, dragged lower in sympathy with the AI-infrastructure unwind. </p>



<p>Memory names also stayed under pressure, with <strong>Micron Technology Inc. (NASDAQ:MU)</strong> reversing part of Thursday’s earnings-driven surge as worries built that AI infrastructure spending could slow. <strong>Western Digital Corp. (NASDAQ:WDC)</strong> fell 10.3%. </p>



<p>Health care led the rebound, powered by <strong>Moderna Inc. (NASDAQ:MRNA)</strong>, which surged 13.8% – the day’s biggest gainer – after its annual Science Day presentation detailed a broadening pipeline of mRNA therapies extending well beyond vaccines into oncology and rare diseases.</p>



<p><strong>AST SpaceMobile Inc. (NASDAQ:ASTS)</strong> climbed 9.7% amid continued optimism around its Japan regulatory clearance and an upcoming satellite launch, with no single new headline confirmed for the session.</p>



<h2>Friday’s Russell 1000 Top Gainers</h2>



<figure class="wp-block-table"><table><thead><tr><th>Name</th><th>% change</th></tr></thead><tbody><tr><td><strong>Moderna Inc.</strong></td><td>+13.8%</td></tr><tr><td><strong>ManpowerGroup Inc.</strong> <strong>(NYSE:MAN)</strong></td><td>+10.2%</td></tr><tr><td><strong>AST SpaceMobile Inc.</strong></td><td>+9.7%</td></tr><tr><td><strong>FactSet Research Systems Inc.</strong> <strong>(NYSE:FDS)</strong> </td><td>+9.7%</td></tr><tr><td><strong>Morningstar Inc.</strong> <strong>(NASDAQ:MORN)</strong></td><td>+9.1%</td></tr></tbody></table></figure>



<h2>Friday’s Russell 1000 Top Losers</h2>



<figure class="wp-block-table"><table><thead><tr><th>Name</th><th>% change</th></tr></thead><tbody><tr><td><strong>ON Semiconductor Corp.</strong></td><td>-21.0%</td></tr><tr><td><strong>Western Digital Corp.</strong></td><td>-10.3%</td></tr><tr><td><strong>Entegris Inc.</strong> <strong>(NASDAQ:ENTG)</strong> </td><td>-10.2%</td></tr><tr><td><strong>Lumentum Holdings Inc.</strong></td><td>-8.4%</td></tr><tr><td><strong>Corning Inc.</strong></td><td>-7.8%</td></tr></tbody></table></figure>



<p><em>Image: Shutterstock</em></p>

.SPX

.NDX

<p>US stocks showed mixed performance on Friday as semiconductor and AI-related names cratered, dragging the Nasdaq 100 down 0.6%. Conversely, the Dow Jones and S&P 500 edged higher, supported by gains in software, healthcare, and defensive sectors. Oil prices sank below $69, marking a significant monthly decline, while gold rose slightly. Key movers included ON Semiconductor, which fell 21% following an acquisition deal, and Moderna, which surged 13.8%.</p>

- U.S. equities showed mixed results, with the tech-heavy Nasdaq 100 falling 0.6%, while the Dow Jones gained 0.1% near record highs, amid skepticism about high AI valuations.  
- West Texas Intermediate crude oil dropped 4.7% to about $68.55 a barrel, marking its worst monthly performance since March 2020 due to OPEC production adjustments.  
- Technology faced significant selling pressure, especially in semiconductor stocks like ON Semiconductor, which fell 21%, while health care, led by Moderna, saw gains with a 13.8% increase.

benzinga_article

S&P 500

ON Semiconductor

NASDAQ-100

Moderna

Dow Jones Industrial Average

iShares Gold Trust

United States Oil Fund LP

First Trust NYSE Arca Biotech Index Fd

Invesco Biotechnology & Genome ETF

SPDR Gold Shares

iShares Semiconductor ETF

ETFS Capital Ltd.

Roundhill Gold WeeklyPay ETF

Abrdn Gold ETF Trust

UBS AG ETRACS Crude Oil Shares Covered Call ETN

JPMorgan Equity Premium Inc ETF

Leverage Shares 2X Long ON Daily ETF

Invesco Semiconductors ETF

Us Brent Oil

Pro Ultr GLD

Pro Ultr Bloomberg Crude Oil

SPDR S&P 500

iShares Core S&P 500

VG S&P 500

SPDR Portfolio S&P 500 ETF

Direxion S&P 500 Bull 3X

Pro UltrPro S&Pro 500

Ultr S&P 500 Pro

Pro Shrt S&P 500

Direxion S&P 500 Bear 3X

Pro UltrPro Shrt S&Pro 500

Proshares Ultrashort S&P500 ETF

Neos S&P 500 High Income ETF

Pro Ultrshrt Crude Oil

Global X FDS S&P 500 Covered Call ETF

Direxion Daily S&P Oil & Gas Bull 2X

Direxion Daily S&P Oil & Gas Bear 2X

Tradr 2X Long ON Daily ETF

SPDR Gold Minishares

ProShares Ultra QQQ

Proshares UltraPro QQQ

ProShares Shrt QQQ

Pro Ultrshort Qqq

Proshares UltraPro Short QQQ ETF

Global X Nasdaq 100 Covered Call ETF

JPMorgan Nasdaq Equity Premium Income ETF

NEOS Nasdaq-100(R) High Income ETF

Defiance Daily Target 2X Long MRNA ETF

YieldMax MRNA Option Income Strategy ETF

ProShares Ultra Semiconductor ETF

Direxion Semicon Bull 3X

Proshares Ultrshrt Semicon Pro

Direxion Semicon Bear 3X

SPDR Djia

ProShares Ultra Dow30 ETF

Pro UltrPro Dow30

Short Dow30 Pro

Pro UltrPro Shrt Dow30

Proshares Ultrashort Dow30 ETF

VanEck Semiconductor ETF

Invesco PHLX Semiconductor ETF

SPDR S&P Semicon

First Trust Nasdaq Food & Semicon

Invesco QQQ Trust

iShares Russell 2000

iShares Expanded Tech Software Sector ETF

VanEck Gold Miners ETF

iShares Biotechnology ETF

Synaptics

Broadcom

Lumentum

Corning

Micron Tech

Western Digital

AST SpaceMobile

Manpowergroup

Factset Research

Morningstar

Entegris

Western Digital - WI

Chip Rout Drags Nasdaq 100, Oil Sinks Below $69: Stock Market Today