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Thursday’s stock market was all over the place. Tech stocks dropped, but Bitcoin, Lululemon, and a few other big names moved higher. It was a mixed day, with no clear direction.

Here’s what happened:

The S&P 500 and Nasdaq futures went down. A major reason was Broadcom, a big tech company, whose stock fell more than 6%. Investors are worried its profit margins might shrink because of costs tied to new AI servers. This caused doubts about the current excitement around AI stocks.

But not everything was negative. Lululemon jumped 9% after reporting strong earnings, showing that consumer demand is still solid in some areas. Quanex Building Products also surged 25% after a strong earnings report, proving that industrial companies can still deliver.

Cryptocurrency ETFs like ProShares Bitcoin Strategy and Ether also gained. Even though some smaller crypto funds didn’t do as well, the overall trend for digital assets was positive. Gold prices rose too, a sign that investors are feeling cautious and looking for safer options. Meanwhile, oil and gas prices dipped.

Healthcare stocks saw slight gains after the FDA gave positive updates on certain drugs. Financials also moved higher, helped by a boost from Citigroup.

What does this mean for investors?

There’s a clear divide in the market. Tech stocks are losing momentum, especially after Broadcom’s drop, but other sectors like consumer goods and industrials are showing strength. Investors are picking their spots carefully, looking for areas with strong earnings or good news.

The rise in gold and crypto shows that people are still unsure about where the market is heading. Some are playing it safe, while others are betting on riskier assets that might offer bigger returns.

Big picture: The market is searching for direction.

Different sectors are moving in different ways, which shows that investors aren’t sure about what comes next for the U.S. economy. Inflation worries, interest rate uncertainty, and changing prices in oil and gold are making things cloudy.

With tech taking a backseat and other areas stepping up, investors are waiting for clearer signals—like upcoming earnings reports or new updates from the Federal Reserve—to figure out where to put their money next.