AI Rally Cools — And Takes Average U.S. Stock Fund Down With It

With the AI trade in the stock market coming under pressure, fund gains in October tilted toward dividend-paying stocks, more defensive equity sectors and value. But the rotation away from tech to other corners of the stock market wasn’t enough to nudge the average U.S. stock fund into positive territory. The average U.S. diversified equity fund fell 1.2% in October,…