Wall Street Faces Worst Week Since April Amid Tech and Economic Concerns

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Source: Fortune
Wall Street Faces Worst Week Since April Amid Tech and Economic Concerns
Photo: Fortune
TL;DR Summary

The stock market experienced a significant decline this week, with the Nasdaq 100 on track for its worst week since April due to a sell-off in AI-related stocks and concerns over market valuations, amid a broader risk-off sentiment driven by weak consumer sentiment, a slowdown in the labor market, and uncertainty from the government shutdown. Despite the decline, inflows into US equity funds continue, and analysts suggest the market may still have room for further gains, though caution is advised.

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