Workers at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. 

Eric Thayer | Bloomberg | Getty Images

The S&P 500 and the Dow Jones Industrial Average pressed higher this holiday-shortened week, as the Nasdaq Composite pulled back slightly — the action that shows a broadening out of demand for stocks outside of the mega-caps with exposure to the generative AI mania.

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