Stocks Hold Support as AI Doubts Cap the ReboundUS 500 CASHERRANTE:US500ErranteUS500 is trading near 7,390, holding above the 23.6% retracement at 7,310. That level is important because it marks the first major support shelf after the June pullback. The index has not broken down, but it has also not rebuilt convincing upside momentum. Resistance is 7,438, then 7,500 and 7,618. Support is 7,310, followed by 7,119 and 6,965. The chart remains constructive only while 7,310 holds, but buyers need a move back above 7,438–7,500 to confirm that the recovery is real. The hesitation is not only about rates. It is also about earnings quality. Lower front-end yields usually help equities, but investors are still digesting AI valuation risk and chip-cost pressure. The market is becoming more selective, separating companies with pricing power from those exposed to higher input costs. That keeps US500 supported, but not yet confident.