The stock market is pricing in ‘too many rate hikes’ – Allianz’s El-Erian
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U.S. stocks fell as fears mounted that artificial-intelligence profits would not come soon enough to meet increasingly expensive credit obligations for CoreWeave and other aspiring hyperscalers.
In trading on Friday, shares of the Roundhill Generative AI & Technology ETF (Symbol: CHAT) entered into oversold territory, changing hands as low as $78.55 per share.
In trading on Friday, shares of the Xtrackers MSCI Emerging Markets Hedged Equity ETF (Symbol: DBEM) entered into oversold territory, changing hands as low as $36.79 per share.
The latest inflation data will be especially crucial to the central bank’s next interest rate decision