US Market News Digest for October 13

[Ben Graham]

US stock indices post largest one-year drop

US stock indices registered their biggest decline in the past year: the S&P 500 fell by 2.71%, and the Nasdaq 100 lost 3.56%.

Escalating trade tensions between the US and China triggered panic-driven sell-offs, although futures recovered slightly following statements from Donald Trump expressing readiness for negotiations.

Experts believe volatility will remain elevated in the coming weeks as investors assess the outlook for a new trade policy.

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Trade war intensifies US recession risks

Fears of a recession and renewed trade conflict led to sharp losses across equity markets.

Trump announced a 100% tariff increase, deepening negative sentiment among investors and sparking broad-based stock selling.

Analysts warn that the move could slow economic growth and intensify inflationary pressure.

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Apple strengthens its position in artificial intelligence

Apple made a strategic acquisition of computer vision startup Prompt AI, aimed at enhancing the functionality of devices within its smart home ecosystem.

The integration of new capabilities into the company's product suite could significantly transform the market and strengthen Apple's competitive edge in the AI space.

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