Analysts said the optimistic wagers are on hopes that the American central bank could tone down its aggressively hawkish stance on interest rates on November 2, even as the Fed has repeatedly quashed market expectations in every policy meeting in the past year, forcing traders to reassess their bullish breakout models.
US stocks: US market ends lower as tech stocks weigh on sentiment
Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the