The S&P 500 index remained flat in the morning, with traders continuing to rotate out of technology stocks.

Wall Street traders continue to rotate funds from technology stocks to a broader category of companies that can benefit from improving economic prospects. The price of gold has returned to the $5000 mark. At the time of writing, the S&P 500 index is basically flat, despite most of its constituent stocks showing strength. The Nasdaq 100 index has declined by 0.5%, while the Dow has increased by 0.4%. The software sector is experiencing a new round of selling, as investors worry about the business risks posed by more advanced artificial intelligence tools. Chip manufacturers are under pressure again due to AMD's outlook falling short of expectations. Meanwhile, a small-cap stock index has seen an increase.