The Dow Is Down for a Third Straight Week and the Nasdaq Is Somehow Up

Stocks drifted lower Friday as the 10-year Treasury yield climbed back above 5%, capping a week in which the Federal Reserve raised interest rates for the first time in three years. The Nasdaq Composite (NASDAQINDEX: ^IXIC) slipped 0.1% as of 12:06 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) fell 0.2%, and the Dow Jones Industrial Average (DJINDICES: ^DJI) dropped 0.4%. Only seven of the Dow's 30 components traded higher. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout.