NEW YORK, United States — Wall Street stocks retreated for a second straight session on Wednesday, while oil prices moved higher amid positive momentum in the energy sector.
Chinese online retail giant Alibaba surged following announcements of new investments in artificial intelligence (AI), fueling optimism among tech investors.
Major US indices pulled back further from Monday’s record closes after Federal Reserve chief Jerome Powell commented on Tuesday that US stocks are “fairly highly” valued, prompting some caution among market participants.
https://business.inquirer.net/549079/us-stocks-fall-again-while-alibaba-gains-on-big-ai-push