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US Market News Digest for June 9, 2026
Overvalued assets and expensive oil weigh
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Overvalued assets and expensive oil weigh on Wall StreetMonths of optimism in the tech sector on Wall Street have given way to heavy profit-taking and a sharp market sell-off. The semiconductor industry, long the main engine of the rally, took the biggest hit. The sustained decline was triggered by growing analyst concerns that AI-linked assets are severely overvalued and that current market prices no longer reflect realistic rates of corporate profit generation. A renewed geopolitical shock, which pushed commodity prices higher,
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