Wall Street entered the second week of August facing the sharpest bout of volatility seen since the spring, with new trade barriers, disappointing jobs data, and defensive sector weakness rattling investors. After months of record highs and steady optimism, the narrative shifted: select big-tech names continued to outperform, but the broader market struggled—reminding participants that summer can be a season of sudden swings. Here’s how U.S. markets handled the heat.
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