Major Averages End Narrowly Mixed
U.S. equities posted slightly mixed performance last week with the recent spate of lofty AI valuation induced selling. The Nasdaq Composite finished fractionally higher Friday, retracing a near 2% intra-day loss to end a three-day losing streak. Wall Street had also drawn a breath of relief prompted by the end of the historic U.S. government shut down lasting 43 days. Investors were however whipsawed after a slew of Fed officials dampened expectations for a December rate cut.
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