Stocks End Week on High Note Despite Friday Dip; AI Fuels Record Highs But Apparel Struggles

US stocks ended the week on a mediocre note, but major indexes notched their best weeks since December. The Dow dipped 0.7% on Friday after nearing 40,000.

A surge in AI stocks and fresh Fed interest rate projections fueled new record highs for major indexes this week.

Shares of athletic apparel companies Lululemon and Nike fell sharply after both issued weak earnings outlooks.

Reddit slumped in its second day of trading, while Apple was unfazed by an antitrust suit from the DOJ.

Shareholders approved the merger of Digital World Acquisition Corp and Trump Media, clearing the way for the deal to potentially close next week.