Dow Jones and S&P 500 fall as tech stabilizes after volatile week

The Dow Jones Industrial Average and S&P 500 fell on Friday, while technology stocks stabilized, closing a volatile week for the AI-driven market sector as investors looked ahead to a heavy earnings calendar and the Federal Reserve's policy meeting. The Nasdaq Composite was nearly unchanged after its biggest daily drop since June, amid concerns about the financing costs of massive AI capital expenditures. Most S&P sectors declined, led by consumer staples and financials, while energy rose 2.4% on higher oil prices. Next week, about a third of S&P 500 companies report quarterly results, including Alphabet, Microsoft, and Amazon, whose capital spending forecasts will be closely watched. The Fed is expected to hold rates steady on Wednesday, with investors seeking clues on a possible December hike.