The S&P 500 was roughly flat on Friday while the Nasdaq 100 fell about 1%. Fed Chair
Kevin Warsh’s remarks at the IMF reinforced market bets the Fed will hold rates
in October, supporting risk appetite, JP Morgan global market intelligence head
Andrew Tyler said, adding the firm is watching selective dip-buying
opportunities. A sharp drop in cloud provider CoreWeave and persistent doubts
over the sustainability of AI investment kept pressure on AI-related tech
stocks. Global bond yields near two-decade highs are raising borrowing costs and
heightening concern that AI spending and richly valued tech names, whose
valuations depend on profits years out, could prove vulnerable.
