The S&P 500 notches back-to-back sessions in the red while mega-cap tech stocks claw back recent losses in what has been a volatile start to September on Wall Street. Qualcomm launches a new AI PC processor, challenging Intel and AMD. CEO Cristiano Amon tells CNBC the X Elite series is a threat to incumbents in the sector. Iconic UK fashion house Burberry is relegated out of the FTSE 100 after 15 years on the exchange. Daimler Truck promotes Karin Rådström to CEO, replacing Martin Daum at the helm from October.   

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