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.
August slump The major U.S. stock indexes fell more than 2% as the S&P 500 and the NASDAQ recorded their third consecutive weekly declines. The downward trend follows a three-week string of gains that ended in late July midway through quarterly earnings season.
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