Global stocks slip as dollar heads for weekly loss

Global stocks fell modestly on Friday as markets stabilized after a sharp tech-led selloff, while the dollar headed for a weekly loss. Concerns over higher interest rates and debt-fuelled financing behind the AI boom rattled markets this week. On Wall Street, the S&P 500 and Nasdaq finished down with weekly losses, while the Dow fell but still scored a weekly gain. Technology and communication services drove losses, with CoreWeave shedding 12% amid scrutiny of AI infrastructure financing. European indexes gained, with the STOXX 600 adding 0.72%. The dollar index fell 0.26% for its first weekly decline after four weeks of gains. Brent crude rose 3.72% to $109.86 a barrel on Middle East supply concerns, while Indonesian equities suffered their biggest drop since 1998 after MSCI planned to remove the market from key indexes.