Major Averages End Three-Week Winning Streak
U.S. stocks posted outsized losses last week as investors expressed concerns over frothy Big Tech AI equity valuations, dragging tech sector companies to their worst week since April. Deeper losses were avoided Friday after White House officials said signals by Senate Democrats indicate a breakthrough vote may soon bring an end to the government shutdown. The news prompted a complete reversal of an 1.3% intra-day loss on the S&P 500 to finish fractionally positive on Friday.
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