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Market Recap Week Ended September 6, 2024

Slippery slope U.S. stock indexes posted some of the steepest weekly declines in more than a year, with the NASDAQ down nearly 6% as of Friday’s close, the S&P 500 falling more than 4%, and the Dow declining almost 3%. Technology stocks were hit particularly hard amid fresh concerns about the short-term profit potential from artificial intelligence.