JUST THE FACTS

The volatile selloff in the AI trade spread across most of Wall Street on Friday. The broad-based retreat dragged all three of the major indices lower for the day, with only the Dow managing a winning week.

Meta will issue a new class of non-voting stock to provide funds for its AI buildout. The move spotlights a dilemma that has now hit the tech sector: the competition wanting available capital keeps growing.

As investors pulled out of tech and other stocks this past week, the U.S Treasuries market would pick up buyers. The rise in demand was a risk-off play that dragged yields to their lowest in almost a month.

New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest on the hostilities and efforts to reach a deal, updates can be found here.

The ongoing war, and its painful impacts on gas and overall inflation, continues to spook consumers. October's final survey shows inflation woes dragged sentiment to the second lowest read ever recorded.

The incoming week is packed with major storylines. On Wednesday, the Fed votes on interest rates, Thursday brings a new PCE inflation reading and both days will include the next wave of Mag7 earnings.