CNBC Daily Open: AI trade frenzy seems driven by a 'virtuous' cycle

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CNBC Daily Open: AI trade frenzy seems driven by a 'virtuous' cycle

cnbc.com/2025/11/03/cnbc-daily-open-ai-trade-frenzy-seems-driven-by-a-virtuous-cycle.html

Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying "Octoberphobia," a term that arose because of the market crashes in 1929 and 1987 that happened during the…

This story appeared on cnbc.com, 2025-11-03 01:24:00.