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Stock futures tick lower as Wall Street awaits closely watched jobs, inflation reports: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq futures slip as Dow looks to keep rallying above 50,000 Yahoo FinanceDow Jones Futures Rise; Dow Above 50K With Apple, Boeing, AI Stocks In Buy Areas. But Market Is Still Divided. Investor's Business DailyA Tech Bust Gave Way to a Broader Rally. What Comes Next Could Be Ugly. Barron's
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Analysis from Emberos shows consumer brands dominated chatbot recall after the game, with AI models differing by as much as 30% in how they interpreted the same ads.
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The S&P 500's tech sector has seen the smallest increase of any group in its price-to-earnings ratio relative to its 10-year average, DataTrek found.
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Reliable power, nuclear investment, data-center efficiency, and grid capacity are now core drivers of stock returns from the AI theme as demand ramps.
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It was a choppy start to the short trading week, with stocks spending time in both positive and negative territory Tuesday. Bears gained the upper hand in the afternoon, though, with the three major indexes ending another day in the red.
SEE MORE The ESG Investing Backlash
Although this week's economic calendar is fairly thin, data from the Institute for Supply Management (ISM) this morning showed that activity in the services sector ticked up to 56.9% in August - the highest level since April - from July's 56.7%.
"This is the most recent piece of data to suggest the economy remains resilient and as such the market takeaway is that this gives the Fed more room to continue raising rates," says Michael Reinking, senior market strategist for the New York Stock Exchange. "Futures markets are now pricing in a 75% chance of a 75 basis-point hike later this month from a coin flip late last week." A basis point is one-one hundredth of a percentage point.
In reaction to today's ISM data, the 10-year Treasury yield rose to its loftiest level since mid-June. This, in turn, weighed on shares in the communication services (-1.3%) and technology (-0.6%) sectors, with names such as streaming giant Netflix (NFLX, -3.4%) and chipmaker Intel (INTC, -2.8%) seeing notable declines.
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As for the major indexes, the tech-heavy Nasdaq Composite fell 0.7% to 11,544, its seventh straight loss.
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AI, automation and big data analytics are key themes for Belgian fintech, as innovative companies look to solve common problems in the financial services sector.
Fintech is, broadly, technology that is applied to financial services or the management of transaction operations within businesses. Cloud-based applications that cut costs, streamline work-flow, and visualise data for users are in high demand, says Dave Remue, head of fintech at KPMG Belgium.
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The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections that big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on U.S. President Donald Trump's bid to crack down on tech giants.
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