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U.S. equities slipped as August payrolls of 162,000, far above the 55,000 consensus, pushed traders toward a higher Fed-rate path. Chips outperformed while software, retail, gold and bitcoin weakened.
U.S. equities advanced Wednesday, with the S&P 500 up 0.5% and the Dow up 0.4%, as AI dealmaking helped offset declines in software and cybersecurity shares.
French technology group 2CRSi’s stock tumbled more than 40% after accusations from a New York–based short seller — panicking retail investors in France, who sold other unrelated companies in the space. Shares in 2CRSi, which designs and manufactures computer servers for data centers, slumped 43% in Paris, bringing its