A risk-off week on Wall Street is drawing to a close, with some of the most-expensive areas of the market driving stocks lower while a renewed slide in crypto leaves the asset class barely up for 2025.

Equities fell on Friday, with the S&P 500 set to halt a streak of three weeks of gains as a gauge of US consumer sentiment sank to a more than three-year low. Things were even worse for the Nasdaq 100 as a rout in artificial-intelligence winners put the tech-heavy measure on track for its worst week since the April tariff-fueled tantrum – when the index entered a bear market .

Worries about valuations in AI high-flyers reaching unsustainable levels surfaced after a torrid surge from this year’s bottom spurred calls for a breather. Technical indicators started flagging reasons for caut

See Full Page