US Stocks Pull Back from Records
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US stocks experienced a pullback on Monday after reaching record highs on Friday, primarily due to concerns over inflated valuations in the AI sector. The Nasdaq 100 fell 0.4%, while the S&P 500 remained flat and the Dow was unchanged. Notable declines were seen in Tesla and Nvidia, each dropping over 2%. Meanwhile, commodity producers faced volatility, with Freeport-McMoRan declining as silver and copper prices fell, while Chevron and ExxonMobil rose due to increased oil prices from US sanctions on Venezuelan tankers.
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