The day money quietly backed off AI ahead of earnings

S&P 500 slipped 0.47% and the Nasdaq eased 0.28% today. With earnings season looming, worries over how much big tech is pouring into AI got louder, so chip and AI names took a visible hit while money drifted toward cloud and consumer staples instead. Exports and jobs still look solid underneath it all, so I'm not reading too much into the wobble — I sat this one out with nothing on the board today.