For the week ended October 30, the Nasdaq Composite fell 2%, the Dow Jones Industrial Average fell 0.9% and the S&P 500 fell 0.6%; for October, the Nasdaq dropped 5.3% and the S&P 500 lost 0.9%, while the Dow gained 1.7%. The weekly decline accelerated after disappointing results from Intel and Amazon raised concerns about the scale and returns of AI investment, with semiconductor stocks hit hardest. The article also highlights Zacks-upgraded stocks: Marathon Petroleum (MPC) gained 14.71% and Yext (YEXT) gained 11.7% since September 4, while the S&P 500 fell 2.3% over the same period. Cheniere Energy (LNG) rose 28% and Chevron (CVX) rose 22.5% over the past 12 weeks, versus a 1.9% gain for the S&P 500.
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