Business & Finance Summary

Today in business and finance, the stock market faced significant pressure, with Wall Street experiencing its worst day in three weeks. The S&P 500 declined by 1.1% as tumbling tech stocks, particularly those related to artificial intelligence, contributed to the downturn.

In contrast, the Dow Jones index showed resilience, holding up better than other indices amidst a looming tsunami of economic data. Additionally, President Donald Trump remarked that he believes his voice should be considered in Federal Reserve interest rate discussions, a statement that could influence market sentiment.

Meanwhile, a burgeoning industrial hub in eastern China is looking to invest US$28 billion to enhance its copper-smelting capabilities, aiming to secure a stronger foothold in global supply chains for this critical metal.

In notable corporate news, cannabis stocks surged following reports that the White House may ease federal marijuana restrictions, with some shares surging over 50%. Lastly, the Framework Computer has raised the price of DDR5 memory by 50% for its DIY Laptop Editions due to widespread memory shortages, highlighting ongoing supply chain challenges affecting the tech sector.