<div id="readability-page-1">The U.S. stock market saw mixed sentiment this week, with cautious investors stepping away from AI trade, leading to a tech sector slump, offset by buoyancy from the Fed rate cut. The Fed cut its key policy rate by 25 basis points for the third consecutive time, with projections showing no more rate cuts, at least for the near term. The Fed’s posit...</div>

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<p>Wall Street experienced mixed sentiment with a tech sector slump due to AI trade caution, offset by a Fed rate cut. The Nasdaq fell 1.7%, S&P 500 dipped 0.6%. Oracle and Broadcom shares dropped after earnings calls. Tesla's sales fell post-tax credit expiration. Disney invested $1B in OpenAI. AutoZone missed earnings estimates. Confluent rose 29% after IBM acquisition news. Robinhood saw lower trading volumes. Cannabis stocks rose on Trump reclassification news. Paramount made a hostile offer for Warner Bros.</p>

- The U.S. stock market experienced mixed sentiment this week, influenced by cautious investors retreating from AI trades, resulting in a decline in the tech sector.  
- This downturn was somewhat balanced by positive reactions to the Federal Reserve's decision to cut its key policy rate by 25 basis points for the third consecutive time.  
- Projections indicate that no further rate cuts are expected in the near term, reflecting the Fed's cautious approach to monetary policy.

Trending stocks as Wall Street tumbles amid tech, AI selloff