Utilities

Major U.S. stock indexes came under pressure as Intel’s weak outlook triggered a broad technology selloff and sharpened concerns over AI spending. Traders are watching key support zones across the S&P 500, Nasdaq and Dow as defensive sectors attract fresh demand.

U.S. equity benchmarks advanced as traders focused on lower Treasury yields, resilient demand for technology shares, and a sharp rally in utilities. The S&P 500, Nasdaq, and Dow Jones are all pressing key resistance zones, though overbought signals leave some chart watchers alert to pullback risk.

US equities pulled back after a record-setting Nasdaq advance, with higher crude and Treasury yields weighing on rate-sensitive and cyclical sectors. Selective strength remained in AI infrastructure, quantum computing, and special-situation stocks, but broader participation stayed uneven.