Wall Street slides as tech stocks tumble amid Fed rate concerns and global tensions

Friday’s trading saw the Nasdaq’s leading index drop markedly as AI and technology companies bore the brunt of a market pullback, driven by concerns that the Federal Reserve may raise its policy rate later in October to tame inflation above three percent. The Dow Jones Industrial Average slipped modestly while the broader S&P 500 also fell, highlighting the breadth of the decline. In Stockholm, police reported a shooting at a sports complex in Solberga during a football match, leaving a victim seriously wounded and the suspect at large.

In the West Bank, photographer Heidi Levine was hospitalized after being attacked by armed settlers, prompting condemnation from the U.S. State Department. Other notable developments included the dismissal of Katie Zacharia from the White House press team, Albanian Prime Minister Edi Rama urging calm after student protests, the resignation of Nobel Foundation CEO Hanna Stjärne for personal reasons, the arrest of Indian activist Abhijeet Dipke ahead of a planned rally, a SMHI yellow flood warning for southern Sweden’s coast, Sweden’s 522-million-kronor aid package for Ukraine, fines imposed on three individuals for stock-price manipulation, and the capture in Berlin of a Swedish gang figure suspected of orchestrating violent crimes in Stockholm.