Wall Street ends lower as investors weigh data, Middle East tensions
US stocks ended lower, with the Dow, S&P 500 and Nasdaq each down less than 0.3%, as chipmaker shares dropped amid concerns about high AI valuations.
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Video Summary
AI GeneratedU.S. stocks closed slightly lower on Friday, with the Dow, S&P 500, and Nasdaq all seeing marginal declines. The downturn was primarily driven by a sell-off in AI-related chip stocks due to valuation concerns, while Reddit saw a significant surge following its addition to the S&P 500. Additionally, geopolitical tensions in the Strait of Hormuz pushed oil prices higher.
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