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U.S. Stock Market Closing | Leading technology stocks declined, dragging down the indices; the Nasdaq fell over 1%, giving back its gains for the week; popular Chinese concept stocks rose against the market trend, with Alibaba soaring nearly 13% post-earn

The sell-off in technology stocks pressured U.S. stocks to close lower on Friday, with the market adopting a cautious stance in preparation for potential seasonal challenges in September. August$Nasdaq Composite Index (.IXIC.US)$Underperformed compared to small-cap stocks in the U.S., while the Chinese concept stock index has risen for four consecutive months. $Alibaba (BABA.US)$ Achieved its…

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Trump news at a glance: court ruling threatens to upend Trump’s tariffs; Kamala’s security detail revoked | Trump administration

Trump news at a glance: court ruling threatens to upend Trump’s tariffs; Kamala’s security detail revoked | Trump administration

A US federal appeals court has ruled that most of president Donald Trump’s tariffs are illegal, describing the levies as “unbounded in scope, amount and duration”. The ruling, which will take effect on 14 October, is the biggest blow yet to Trump’s tariff policy and will likely mean the supreme court will have to rule…

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