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US Markets Recap and Next Week Preview
U.S. stocks fell on October 22 due to concerns about AI investment returns, weighing on technology shares. The Nasdaq Composite declined 2.6%, while the S&P 500 fell 1.2%. Next week, mega-cap earnings from Microsoft, Alphabet, Amazon, and Intel will be released. The Federal Open Market Committee (FOMC) will meet on October 27-28, with its rate decision scheduled for October 28. Investors will watch for signals on inflation, economic growth, and future interest rate directions.