Traders Maintain Expectations That the Fed Will Hold Rates Steady in October; U.S. Stocks Diverge; Nasdaq 100 Expected to Fall More Than 3.5% This Week

Zhito Finance APP has learned that U.S. stocks showed mixed trends in early trading on Friday. The latest remarks by Federal Reserve Chairman Warsh reinforced market expectations that the Fed will keep interest rates unchanged in October, providing some support for U.S. stocks. However, ongoing concerns about the sustainability of the artificial intelligence (AI) investment boom continued to weigh on technology stocks, and the Nasdaq 100 Index is on track to record a decline of more than 3.5% this week, ending its previous four-week winning streak. As of press time, the S&P 500 Index was up slightly by 0.03%, while the Nasdaq 100 Index fell 0.52%.