00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Investor confidence in the economy and artificial intelligence boom wavered as the Nasdaq Composite
00:08Index suffered its worst week since Trump's April tariff announcement, falling 3 percent,
00:13according to The Wall Street Journal. The S&P 500 and Dow declined 1.6 percent and 1.2 percent,
00:20respectively, as high valuations, a prolonged government shutdown, and weak consumer sentiment
00:25weighed on markets. Palantir, NVIDIA, and Oracle dropped 11 percent, 7 percent, and 9 percent,
00:32respectively, while Amazon was the only major tech stock to gain. Analysts cited concerns about
00:38overspending on AI, with firms projected to invest 400 billion dollars this year. Fed rate cut odds
00:44for December rose to 66 percent amid mixed economic data. For all things money, visit Benzinga.com.
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