Tech Stock Rally Loses Steam in Late-Day Selloff: Markets Wrap

The recent surge in tech stocks faced a setback on Friday, as they pulled back from record highs amid growing concerns about the economy and geopolitical tensions. President Donald Trump's stern warning to Hamas added to the uncertainty, while the ongoing US government shutdown, now in its third day, raised alarms about economic stability. This combination of factors led to a decline in the dollar, highlighting the fragility of the market despite earlier optimism surrounding AI advancements.