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Narrations of a Sector ETF Operator | Reassessing Risks to the AI trade After Friday’s Sell-off

October 12, 2025 U.S. equities finished sharply lower on Friday as investors reacted to a re-escalation in trade and technology tensions between Washington and Beijing. The S&P 500 (chart below) fell roughly 2.7%, the Nasdaq Composite dropped 3.5%, and the Dow Jones Industrial Average lost 879 points (-1.9%), erasing several weeks of gains. The sell-off

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