Nasdaq
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Nasdaq slumps 2.6% as Meta cash burn and Brent at $113 rattle Wall Street
The Nasdaq Composite closed at 26,008.86, its worst session since June, as Meta's first quarterly cash burn in over a decade collided with Brent crude's highest settlement since May.
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Nasdaq posts worst week since June as chip stocks fall for eighth straight day
The Philadelphia Semiconductor Index lost 11.4% over the week and CoreWeave shed nearly a quarter of its value as investors questioned the cost of the AI buildout.
