The US shares were recovered on Friday with traders using the opportunity to buy after three days of losses, despite the conflicting signals of the latest economic data and signs of fatigue in the technological sector. The S&B 500 index closed 0.6% in New York, ending the longest wave of losses in more than a month. The Nasdaq 100 index, dominated by the technological sector, increased by 0.4%. “The rise of shares is in line with the recent trend today, as it is as a sign of a poor opportunity to buy.” He added: “It seems that the situation is changing, as the instinct of technology stocks has started as a way to buy stocks when declines fade.” Hackett pointed out that the technology trade was “somewhat tiring”, as relative performance and evaluation reached an appropriate level compared to the rest of the market, as “a period of democracy requires returns.” He added: “This does not mean that we need a great correction in the technological sector, but rather a shift in leadership.” Display agreements on artificial intelligence have seen different major addresses related to the spending on artificial intelligence this week began the announcement of the company “Invidia” that it intends to invest up to $ 100 billion in “Oben AI”, to the disclosure of the “Ali Baba” group over its plans to increase the spending on this technology, which has exceeded the original goal. Read the details: Inviteia intends to invest $ 100 billion in Oben AI, while the increasing enthusiasm for artificial intelligence has created a new type of sports accounts – where major plans for technology spending to greater increases in the market value of businesses run this technology – there are some warnings about its sustainability. David Einshin, director of the Dahat Fund, warned that unprecedented spending on technology could destroy great capital, even if it was proven to cause radical. Meanwhile, Bain estimates a shortage of the revenue of artificial intelligence companies worth $ 800 billion. Also read: “Invenia” deals with “Openai” arouses the fear of an artificial intelligence bubble, conflicting economic data that the traders also follow economic data. Where the decline in consumer confidence in September showed its lowest level in four months due to increasing concerns about the impact of high prices on personal finance. At the same time, the personal consumer expenditure index, with the exception of food and energy, rose 0.2% in August. Compared to last year, the index held at 2.9%. Natalie Gallagher, the chief economist in “Council”, indicated that “the personal consumer expenditure index has decreased as expected, but as with the consumer price index, the widespread pressure includes goods and services, not just the groups affected by customs duties.” “This width shows that inflation is still inherent in the economy,” she added. Also read: The US economy grew by 3.8% in the strongest rate in two years in the second quarter. The possibility of the US government was the possibility of closing the government in the minds of investors, as it could delay the issuance of important economic data, including the September September job report, scheduled for next Friday. Earlier, US President Donald Trump ignored the threatening closure. Gary Schlosburg, a global strategic expert at the Wales Fargo Institute for Investment, said the closure is a highly probable event, and it can take long enough to delay the issuance of the job report, and the consumer price index versions that will be released on October 3 and 15. “In the case of a partial closure, the disturbance of data issuance will be broader than it was during the partial closure in December 2018 and January 2019, because more agencies will be influenced by the lack of accounts for credit laws approved by Congress this time.” Among the individual shares, the shares of “Electronic Arts” have risen, where the video game business is said to have talks to buy its shares through an alliance led by “Silver Lake Management” and the Saudi public investment fund. Read the details: “Electronics Arts” is switching to a private company in a major agreement and the shares of pharmaceutical companies, including “Eli Lily” and “Merck”, included President Trump’s plan to impose 100% customs duties on patent patent imports and patent emissions for companies. The shares of the company “Costco” for sale in bulk, as the company announced different results for the fourth quarter.
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