Wall Street falls as investors weigh AI valuations and Middle East tensions
Wall Street ended the week lower on Friday as investors continued to reassess the value of artificial intelligence-linked stocks while also watching the worsening situation in the Middle East. The retreat extended a week-long decline in US markets, with the S&P 500 falling 1.6% over the week. In contrast, European shares fell 0.7% and the Australian market slipped 0.1% over the same period.The pressure was most visible in the semiconductor and data memory sector, where the Philadelphia SE Semiconductor Index recorded its steepest weekly loss in more than a year. The index has fallen more than 18% so far in... [Continue Reading]
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