US technology stocks lose momentum and withdraw from record levels

The rise of the technological sector stopped with the decline in US stock indicators from their standard levels. The wave of optimism about artificial intelligence was distributed by geopolitical tension with the entry of the US government’s closure on the third day. Treasury and dollar income have decreased. The Nasdaq 100 (Nasdaq 100) index fell 0.4%, while the Standard & Poor’s 500 (S&P 500) index established unchanged. This weakness came despite the fact that the broader market index witnessed 114 sessions without affirmative drop by 5%. The shares of “Palantir Technologies” were one of the biggest losers, as it dropped 7.5% after a report stating that the communication system in the battlefield of the defense company was seriously defective, the allegation that the company had refuted. Investors have raised anxiety after US President Donald Trump warned about serious consequences if Hamas did not agree to his plan to end the war in Gaza. During a statement in the White House, Caroline Levitt, the presidential spokesman, repeated the threats of the administration to retire federal employees and withdraw financing the strongholds of the Democratic Party such as Portland and Oregon. A poor labor market while deploying non -agricultural work data of the “Labor Statistics Office” has been postponed due to the closure, indications of the private sector in recent days have a poor employment, limited hairstyles, modest wages growth and the decline in demand for employment in September. The data from the supply management institute showed on Friday that the US service sector stumbled in September with the contraction of the commercial activity for the first time since the pandemic and the slowdown in the growth of requests. The US service sector is decreasing amid the worst operating activity since 2020, which is why traders are still confident that the Federal Reserve will make an extra reduction in the interest with a quarter of a percentage point in October, despite the lack of data. The dollar has been on its way to the worst week since August, while the yield on Treasury bonds has dropped ten years, which is an important reference to the borrowing costs in the United States, with more than five basis points during the same period. Artificial intelligence is trading at the same time a new wave of great artificial intelligence transactions and partnerships drove shares to new standard levels on Friday, after the news that Global Infrast Jurasser Partners are advancing talks to acquire Aligdered Data Center) with a value of about $ 40 billion. In Asia, the Japanese “Hitachi” partnered with “Openai” in the field of energy and relevant infrastructure, while “Fujitsu” expanded his cooperation with “Invidia”. The wave of partnerships and transactions came on Friday, a day after selling ownership shares increased the ‘Oben AI’ evaluation to $ 500 billion. Artificial intelligence shares have urged the market to achieve successive standards this year, also supported by the hope of facilitating monetary policy and strong profits of companies. Bezos: The revival of spending on artificial intelligence, ‘bubble’, whose fruits will come to the rise of inventory indicators to record levels that raised questions about the scope of the market’s ability to continue. The fear of evaluation is increasing, while the spending wave has not yet been translated into real profits. “Despite the problems of standing in the light of this market, clouds appear on the horizon, including things similar to the late 1990s in technology and artificial intelligence, the gap between federal discourse and market expectations about reducing interest.” He added that the pessimists see investors “very well about the government closure, because most of them assume that it will end within two weeks, but it does not appear to be tangible progress after a settlement.” According to the interest rate strategy in “Morgan Stanley”, the treasury pricing options show that the closure, which started on Wednesday, will last between 10 and 29 days. How long will the US government be closed? .. “Morgan Stanley” replies the Federal Reserve officials about how much interest is needed after the basic rate was reduced by a quarter of a percentage point last month. Austan Golsby, head of the Federal Reserve in Chicago, repeated his invitation to wait, while Stephen Miran, a member of the Federal Reserve, who reduced more in September, said he could change his view if the cost of housing suddenly rises. Warning references and under the indications that the market has entered a dangerous area: The remaining morale of Barclays is close to a level indicating “excessive optimism”, while another indication of “Bloomberg Intelligence” returned to the “Al -Haws zone”, which previously preceded poor returns. While investors bet that billions of rands flowing into the artificial intelligence sector will lead to profits and still push the technology stocks to climb up, the most important indicators close to technical levels that are usually promised soon to reflect soon. In the commodity market, the oil price dropped below the 61 dollar level this week before the “OPEC+” decision over supplies, but it rose on Friday after Trump’s Gaza warning. Gold still climbs on the price of gold will achieve profits for the seventh week in a row, supported by the central bank purchases, amid low US interest rates and continued concerns about inflation. Despite the momentum of artificial intelligence and the rise of chips this year, the shares of gold mines were the best option. Gold Mining shares rise 135% to prove that they are the best in 2025 strategic opinion “Bloomberg”: “The shares have reduced their profits after the service index data that showed the decline in economic activity while continuing inflationary pressure. -Tatiana dari, a university expert at ‘Markets Live’.