Report
Tech Sector Faces Continued Pressure Ahead of Election
AI and tech selloffs overshadow gains for most of Wall Street, while oil prices extend downturns.
TLDR
Global shares were mixed and US futures advanced on November 2, while oil fell nearly 4%. AI and tech stock losses overshadowed gains for most of Wall Street. Separately, Bloomberg Economics' price tracker found that inflation remained high but price pressures were more localized than in past waves. One researcher says its data suggest the monthly pace of AI-related price increases may have peaked.
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