Nasdaq has worst week since April amid AI rally jitters, US yields slip


Nasdaq hit by sentiment shift on AI rally
Dow and S&P 500 turn slightly positive in late afternoon
Dollar lower against major currencies

NEW YORK, Nov 7 (Reuters) - The Nasdaq ended slightly lower on Friday but registered its biggest weekly percentage drop since early April as investors worried about the sustainability of a rally in artificial intelligence shares, while U.S. Treasury yields inched lower.
Chip and other tech-related stocks have been some of the biggest losers this week, while the Nasdaq fell about 3% for the week.

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The Nasdaq has gained more than 50% since April, when U.S. President Donald Trump announced sweeping tariffs, as optimism around AI pushed markets to all-time highs.