Wall Street holds steady
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Financial markets are entering yet another tense week, with the U.S. government shutdown countdown, the close of the third quarter, and the release of September’s jobs data all landing at the same time. All major averages barely moved last week, even ...
Wall Street’s three major indexes lost ground today with the Nasdaq Composite and the S&P 500 leading losses as Meta and Microsoft shares tumbled on worries over surging AI spending, while investors also digested a more hawkish tone from the U.
Earlier volatility faded as traders weighed rising US-China trade tensions, concerns about historically expensive stocks and brewing trouble in the banking industry.
U.S. stock market is pulling back from its record heights as Wall Street sifts through mixed developments on everything from the U.S.-China trade war to profits for Big Tech behemoths.