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Stock Market News — August 28, 2026 — Morning Update — Last 12 Hours (Pacific Time)
Fed Chair Warsh's Jackson Hole speech triggered a market pullback Friday, with PayPal collapsing 12-14% after the Stripe deal collapsed, while Gap surged 13% on a new CEO and Affirm popped on strong earnings. AI stocks like Marvell and CrowdStrike sold off despite beats, creating a sharp bifurcation
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