Dow jumps 150 points, Nasdaq slides as investors continue to rotate out of AI stocks: Live updates

Stocks split on Friday as the Dow Jones Industrial Average gained 243 points while the Nasdaq slid, extending a rotation out of tech and artificial intelligence-related names that has left the major averages on track for a mostly losing week.

The divergence is the story. Money is leaving AI-linked stocks, which weigh heavily on the Nasdaq, rather than leaving equities altogether. The Dow's advance shows buyers are still active elsewhere in the market. That gap between the two indexes is the cleanest read on where capital is moving.

The Friday split follows a winning session on Thursday, when all three major averages closed higher. That means the week's weakness came from earlier sessions, and Thursday's gains did not reverse the rotation. Friday's tech-led pullback shows the selling pressure on AI names persisted even after a broad up day.

Interpretation: a one-day Dow gain paired with a Nasdaq decline reads as sector repositioning, not a broad risk-off move. If the rotation were a flight from equities, the Dow would not be rising by a quarter-thousand points while the tech-heavy index falls. Whether the shift holds depends on whether the AI-related selling continues into next week.