Traders rushing into a leveraged ETF to make a bullish bet on the Nasdaq-100 just got burned

The thrashing that Wall Street’s artificial-intelligence darlings have taken over the past few months has led to an unusual situation in the U.S. stock market.

The S&P 500’s forward price-to-earnings ratio is below its five-year and 10-year averages.

The U.S. commercial business brought in more money than the U.S. government segment in the third quarter.

Investors are worried about whether there will be sustained demand for chips, but one analyst notes that large tech companies are still spending heavily.