U.S. equities slipped into the close, giving back part of yesterday's AI-fueled pop as investors refocused on a steadier-for-longer rate backdrop.
Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.
Negative trend The S&P 500 and the NASDAQ posted weekly declines of around 3% to 4%, retreating for the third week in a row. The setbacks were driven by steep declines on Wednesday afternoon and on Thursday in the wake of the latest U.S. Federal Reserve meeting.
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