Stocks Fall Sharply on China Trade Tensions

Most stock indexes rallied to record highs this week on optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits. Stocks are also underpinned by hopes that a resilient US economy and additional Fed easing will continue to support the economy.St. Louis Fed President Alberto Musalem said that, "Looking ahead, I am open-minded about a potential further reduction in interest rates to provide further insurance against labor market weakening."Fed Governor ...