Wall Street’s main indexes gained on Friday, with the tech-heavy Nasdaq hitting an intraday record high, while investors analyzed the consumer sentiment data for fresh insights into the economy.

Traders remain bullish on equities despite Thursday’s declines, betting that the AI-driven momentum remains intact. Some analysts expect the AI trade, mostly concentrated in tech so far, to spill over into energy and construction firms as demand for data center buildout accelerates.

“Investors see little pullbacks as opportunities to nibble in and add more capital. There’s just a lot of money sloshing around in the system,” said Aleksandr Spencer, chief investment officer at Bogart Wealth.

Others add that the nearly three-year-old bull market still has room to run, especially if the Federal Rese

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