Nasdaq posts slim gain in calm trade as Wall Street inches up

Market Overview - The Nasdaq has opened 1.2% lower at 22,293.85, marking its lowest point since November 21, and is on track for a potential sixth consecutive weekly decline [1] - The S&P 500 has dropped 0.7%, while the Dow Jones has opened 0.2% higher, supported by companies like Apple and Goldman Sachs [1][2] Recent Performance - US stock futures were down on Tuesday, with the Nasdaq futures declining by 0.8%, S&P 500 down 0.4%, and Dow Jones down 0.2% [3] - The S&P 500 has experienced a decline of 1.4% last week, the Nasdaq dropped over 2%, and the Dow retreated 0.9% from early month highs [4] Sector Analysis - Concerns regarding AI-related disruptions have negatively impacted sentiment across multiple sectors, contributing to the Nasdaq's fifth consecutive weekly decline, the longest losing streak since 2022 [4] - The US software and services sector is currently trading at a discount to the broader market for only the second time in 30 years, presenting potential investment opportunities for those willing to accept short-term volatility [6] Investment Behavior - Many cash-rich corporations have paused share buybacks and are raising funds through stock issuance and debt markets to invest in AI [5] - Investors appear hesitant to increase their exposure at current levels, waiting for a catalyst that could prompt selling or buying decisions [5]