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Jun 28 at 10:23 PM
Friday capped a challenging week for U.S. equities, with the Nasdaq extending its losing streak to five sessions as investors rotated away from Big Tech amid concerns over rising AI data-centre spending. Despite the pullback, AI investment continues to accelerate, highlighting confidence in long-term demand. Meanwhile, softer-than-expected May PCE inflation data provided modest reassurance that price pressures may be easing, offering some support for the broader market outlook.
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