U.S. stocks appear on track to clock a fifth straight session of losses, with the tech sector potentially leading the slide after the U.S. asked domestic chipmakers not to supply AI chips to China to keep them out of the reach of the military.
The major U.S. averages ended Wednesday’s session lower, as investors digested data showing a slowdown in private payroll growth and Fed’s hawkish signal. All three averages continue to languish at 5-week lows. They were also lower for the month.
