Most U.S. stock indexes declined for a second straight week, except for the Dow Jones Industrial Average, which rose 0.95%, extending its outperformance. Growth stocks, particularly tech stocks, struggled, with the Nasdaq Composite posting its worst weekly drop since early September. The “Magnificent Seven” stocks fell amid regulatory uncertainty and concerns over the sustainability of the AI-driven rally, with NVIDIA dropping 8.48% after its earnings report. Additionally, tariff fears weighed on equities as former President Trump reiterated plans for new trade levies by March 4.
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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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