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Story summary
- U.S. equities traded mixed.
- The S&P 500 fell 0.3%.
- The Dow Jones Industrial Average rose 1.1%, led by defensive stocks such as Merck and Johnson & Johnson.
- AI stocks have lost over $820 billion in market capitalization, prompting a shift toward value stocks.
- BigBear.ai surged 23% after a strong Q3 report and a strategic acquisition.
