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US stocks: US market ends lower as tech stocks weigh on sentiment
Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the long-term potential of AI against concerns about the substantial investment required for data centers. Inflationary pressures, fueled by energy prices and chip costs, remain a concern, impacting companies like Apple and prompting discussions about potential interest rate hikes.
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hindustantimes.com
US stock market closes lower: S&P 500 falls 1.3%, Nasdaq drops 2% as global chip sell-off hits tech stocks
US stocks closed lower as a global chip sell-off hit tech shares. The S&P 500 fell 1.3%, Nasdaq dropped 2%, while the Dow finished nearly flat.
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straitstimes.com
Wall Street ends lower on semiconductor selloff, as AI spending concerns mount
Investors are bracing themselves for a more hawkish US Federal Reserve. Read more at straitstimes.com. Read more at straitstimes.com.
