Wall Street heads for weekly loss as AI stocks slide

Wall Street is heading toward a negative week, despite a modest uptick at Friday's open. The Dow Jones Industrial Average rose 0.6 percent, but the S&P 500 fell 0.9 percent and the Nasdaq composite dropped 0.7 percent. AI-linked stocks, including AMD, Micron, Sandisk, and Vaneck Semiconductor, are driving the downward pressure. This week's selloff was fueled by September inflation figures that have increased the risk of future interest rate hikes. For the week, the Nasdaq is down 3.1 percent and the S&P 500 is off 0.9 percent, while the Dow has gained 1.7 percent.