The S&P 500 fell 0.5% this week and the Nasdaq dropped 0.7%. The Dow rose 0.4% for its third straight weekly gain, and the Russell 2000 jumped 2.0%. Eight of 11 sectors finished higher. This was an AI problem and an oil problem as opposed to a whole-market problem.
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1. Meta beats, burns cash, and sinks the AI trade. Meta reported Wednesday nigh…