India, Oct. 16 -- The US stock market traded mixed on Friday, October 16, 2026, as gains in financial stocks helped support the Dow Jones Industrial Average, while losses in technology and semiconductor shares weighed on the Nasdaq Composite and S&P 500. Investors remained cautious amid concerns about artificial intelligence (AI) valuations, rising financing costs and the possibility of further Federal Reserve interest-rate increases.

According to Reuters market reporting, the Dow Jones was up approximately 0.47%, while the S&P 500 slipped 0.10% and the Nasdaq Composite declined 0.79% in the reported session. The divergence highlighted a shift in investor sentiment, with some market participants moving away from high-growth technology sh...