October 17, 2026 8:06 AM
Stocks slip as dollar heads for weekly loss
Global stocks fell modestly on Friday as markets stabilized after a sharp tech-led selloff, while the dollar headed for a weekly loss. Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in technology and chip stocks. Traders increased bets on further US rate hikes after stronger-than-expected inflation data was released on Wednesday, while investors piled in to Treasuries and other government bonds....