In early September, foreign investors shifted to selling after a series of buying phases. Notably, financials, automotive, and oil and gas sectors experienced considerable sell-offs. Conversely, healthcare stocks attracted significant investments, reflecting a cautious market sentiment. Investors pulled back on auto and power stocks amidst rising global concerns, which collectively led to a subdued foreign portfolio investor presence.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following