Here’s a surprising new fact about the world’s largest and most-liquid public equity market: Most of the activity on it isn’t public anymore.

U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week. The S&P 500 slipped 0.3% a day after setting a record. The Dow Jones Industrial Average dipped 140 points,

This Artificial Intelligence (AI) Stock Has Jumped 30% Already in 2025. It Could Jump Another 32%, According to Wall Street.