US stocks opened higher but closed lower, with concerns about interest rate cuts and risk aversion weighing on the market.

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According to ChainCatcher, citing Jinshi, US stock analyst Hannah Erin Lang stated that major US stock indices slipped into negative territory after a significant gap up at the open, with momentum quickly waning. Reasons included the seemingly short-lived boost from artificial intelligence, with the information technology sector leading the decline in the S&P 500. Furthermore, market concerns about whether the Federal Reserve will cut interest rates in December and persistent risk aversion also put pressure on the market.

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