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Wall Street Pulls Back Amid Valuation Concerns; Applied Digital Soars on Revenue Beat
Stock Market Newsยท 2025-10-09 20:38
Key TakeawaysMajor U.S. indices closed lower, with the Dow Jones Industrial Average falling 0.57% and the S&P 500 down 0.34%, as Wall Street shows signs of fatigue after a significant rally, driven by concerns over stretched valuations and AI-driven exuberance.Applied Digital Corporation (APLD) reported Q1 revenue of $64.2 million, surpassing analyst estimates of $51 million, despite posting an adjusted net loss of $7.6 million and a net loss of $27.8 million, or -$0.11 per share.ICL Group Ltd. (ICL) faces ...