August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
they do not own bitcoin themselves. us regulators are widely expected to approve the funds this week. when a tweet was posted from the se gov account saying essentially that, it was noteworthy. was also wrong. the soc and its chair quickly posted on ex at the account was compromised and the account was compromised and the regulator had not approved the regulator had not approved the listing and trading of spot bitcoin exchange traded products. the erroneous tweet also included a quote from the chair. also contained a quote and then almost immediately deleted. for bitcoin cosmic value, a bit of a ride. the value, a bit of a ride. the value claim nearly $48,000 on the false mood and go back down to 45,000 with reality. now to the growing fallout from the bed fight involving a boeing 737 max nine plane on sunday. the boss has acknowledged boeing made mistakes and get would work with regulators to make sure that it cannot ever happen again. hundreds of flights have been cancelled
and emmy nominated journalist caroline modarressy tehrani. in washington, new house speaker kevin mccarthy is about to preside over his first order of business. the new republican led congress will sit in the next hour to vote on the rules package. now that might sound a bit in the weeds but it is the nearest thing to a formal contract, setting out everything the speaker gave away last week, as he fought to secure the support of those on the hard right. it includes a rule change that will meanjust one member can bring a motion to throw him out. there are also concerns among more moderate republicans that mccarthy has agreed to a budget deal that could result in a cut to defence spending. this has a proposed billions of dollars cut to defence, which i think is a horrible idea. when you have aggressive russia and ukraine, you ve got a growing threat of china in the pacific i m going to visit taiwan in a couple of weeks, how will i look our allies in the eyes and say, i nee
growth plan is the t s headline. cuts warning as sunak rips up truss growth plan is the is headline. the financial times covers the delay in the halloween fiscal event. the debt cutting plan will now take place on 17th november. the telegraph features the pm at the despatch box under the headline sunak reconsiders tax rises as budget delay saves £15 billion . the guardian focusses on mr sunak s fracking ban reversal in england. it also has pictures of protests in iran following mahsa amini s death a0 days ago. the express accuses rishi sunak of torturing pensioners. it asks do you really want to scrap pension triple again? the daily mail reports on 38,000 people crossing the english channel this year describing the migrant crisis as a headache for the new premier. the times quotes rishi sunak declaring a radical set of reforms to the nations education system and transform vocational training. the metro carries criticism of the foreign secretary james cleverly, af