US markets today: Wall Street steadies after sharp reversal; AI stocks remain volatile as Bitcoin slump deepens
On Friday, US stocks made a strong comeback as major indices rose, buoyed by optimistic hopes of an interest-rate cut this December following soft-spoken comments from a Federal Reserve official. While AI and crypto assets continued to fluctuate, shares in retail and homebuilding sectors soared, thanks to easing inflation concerns and the prospect of lower rates.🕒 1 min read
On Friday, US stocks made a strong comeback as major indices rose, buoyed by optimistic hopes of an interest-rate cut this December following soft-spoken comments from a Federal Reserve official. While AI and crypto assets continued to fluctuate, shares in retail and homebuilding sectors soared, thanks to easing inflation concerns and the prospect of lower rates.
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