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Stock Rally Collides With a New Slate of Worries

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Worries about AI and private credit. Continuing supply-chain disruptions from the war. Higher interest rates. The stock-market rally has run headlong into a series of challenges—some new, and some familiar.  

Stocks limped to the end of a five-day slump on Friday, a run in which even blowout earnings from chip maker Micron couldn’t build any traction in major indexes. The S&P 500 and Nasdaq composite fell in every day of a calendar week for the first time since April 2024, losing about 2% and 4.6%, respectively.

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