S&P 500+0.22%▲: modest advance driven by gains in Technology and Financial Services. Nasdaq+0.20%▲: small uptick as large-cap software and chip names edged higher. Russell 2000-0.59%▼: small-cap weakness paced the small-cap benchmark’s decline. Dow+0.72%▲: stronger performance led by industrials and select blue-chip cyclicals. VIX-2.67%▼: option-implied volatility eased, reflecting lower demand for index protection. Crypto: BTC+0.00%▲ near $74,058 and ETH+0.00%▲ near $2,021, with little net movement over the recent session. What's driving the market this week Major companies and enterprise customers are revisiting AI spending as operating and infrastructure costs for large language models and enterprise deployments have risen, prompting debate over near-term project economics. Commentary from a prominent macro economist noted limited empirical evidence so far that AI has caused broad job losses, a point cited in weekend commentary on labor flows and tech hiring patterns. Regional concerns focused on developments in Korea and Japan—analyses highlighted potential implications for global hardware supply chains and regional financial conditions, a cross-market theme for technology and memory-related stocks.