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PPI data gives Wall Street another headache
Episode 894
Published 1 week, 1 day ago
Description
Who's gonna foot the bill for all the AI infrastructure? US stocks are sharply down as growing concerns about how artificial intelligence investments will be financed weigh on sentiment. Higher-than-expected September inflation data acted as a trigger yesterday: the S&P 500 ended the session 1.1% lower, and the Nasdaq 100 dropped 2%, though the Dow Jones held up better, slipping just 0.09%. Today's PPI isn't helping.
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