Stocks Decline Amid AI Fears and Geopolitical Risks

The US Feb Philadelphia business outlook survey unexpectedly rose +3.7 to a 5-month high of 16.3, stronger than expectations of a decline to 7.5.US weekly initial unemployment claims fell -23,000 to a 5-week low of 206,000, showing a stronger labor market than expectations of 225,000.Hawkish comments on Thursday from Fed Governor Stephen Miran were bearish for stocks, as he said he now sees a "less accommodative" interest rate path, given that US employment has held up better than anticipated and goods infl ...