US stocks weekly: Nasdaq up 0.4%, semis gain

Sep 4, 2026 16:00 ET · Sep 4, 2026

TREE NEWS reports: For the week, the S&P 500 was roughly flat, the Dow fell 0.3%, and the Nasdaq rose 0.4%. The semiconductor index gained 2.2% and memory chip index 5.8%, while software ETF dropped 4.6%. On jobs day, the S&P 500 closed down 0.4%, but the Nasdaq 100 rose 0.2% with Sandisk up 11.6%.

Original source

AI take

The divergence between chip strength and software weakness suggests capital rotation within tech, not broad risk appetite. The jobs-day split—S&P down while Nasdaq 100 held—points to selective buying in hardware names, possibly on AI-driven demand expectations. Whether semiconductor momentum can sustain without software participation, and if the jobs data reshapes rate-cut bets, are the key dynamics to watch next.

Generated by AI for reference only.

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