Alibaba plans Hong Kong spin-off of Banma Network Technology

El-Erian warns Fed's data-dependency risks rate cut error; job market deteriorates, inflation mixed (2.7%-3.3%).

Home affordability metrics like 28/36 rule are outmoded; lenders allow up to 50% DTI. Only 28% of homes affordable.

Tech stocks drag Nasdaq & S&P 500 down for 4th day; investors rotate to cheaper sectors.

Palantir's 17% drop wipes $73B value, giving shorts $1.6B win, but stock still up 106% YTD. Valuation is high.

Tech stocks dip as AI hype cools; PLTR & NVDA slide. Valuations outpace fundamentals, traders eye Fed.

Dow Transports (-1.89%) drag, while Dow Utilities (+0.22%) and FTSE (+1.08%) gain. Nikkei (-1.51%) dips.

Nikkei 225 futures drop 545 pts on Sep contract, volume steady. Traders eye 42845 support amid volatility.