Big Tech Trouble; Economic Downturn Trigger Weekly Slide

AI remained heavily in focus this week, though upbeat sentiment wavered, systems were overshadowed by valuation concerns. The major indexes recovered briefly, with the Nasdaq Composite (IXIC) surging back near record high territory as Big Tech earnings flooded Wall Street. These gains didn't last long, however, with shares struggling against a grim AI outlook by midweek. Private sector jobs data that surprised with a significant month-on-month increase for October send all three indexes higher Wednesday, w ...