Topline
All three major stock indexes closed dismal worst quarters on Friday, erasing much of the gains from the first half as investors snapped out of their growth-friendly sentiments fueled by artificial intelligence daydreams and paid heed to a litany of potentially worrisome macroeconomic conditions.
Key Facts
The S&P 500 (down 3.4% from July 1 through Thursday’s close), Dow Jones Industrial Average (down 2.2%) and tech-heavy Nasdaq (down 4.3%) each suffered their worst quarterly losses since last year’s third quarter.
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