Inflation, AI Fears Drive US Stock Selloff
10 Articles
10 Articles
Stocks Slide as Hot Inflation & AI Credit Fears Hit Markets
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Vanguard President & CIO Greg Davis, UBS Equity Research Analyst, Large-Cap Banks & Consumer Finance Erika Najarian, Janus Henderson CEO Ali Dibadj, CreditSights Global Head of Strategy Winnie Cisar, DoubleLine Global Sovereign & Emerging Markets Head Bill Campbell, Cisco Chair & CEO C…
Dow Jones down 0.09%, S&P 500 1.11%, Nasdaq 1.88%, as European indexes increase
Inflation, AI Fears Drive US Stock Selloff
U.S. stocks fell as inflation accelerated to 3.7% in September, partly reflecting higher fuel prices amid the Iran war, lifting Treasury yields and expectations of further Federal Reserve rate hikes. Chipmakers and AI infrastructure companies came under particular pressure as investors questioned whether heavy borrowing and spending on data centers will deliver sufficient returns, though some executives cited persistent demand for computing capa…
The S&P 500 yielded 1.1% and accumulated five casualties on six wheels, while the Nasdaq index retreated 1.9% carried by companies linked to artificial intelligence and the Dow Jones lost 0.1%
The New York Stock Exchange closed lower on renewed concerns about U.S. inflation and the cost of developing artificial intelligence. The Dow Jones Industrial Average closed down 48.62 points, or 0.09 percent, at 51,621.48. The Nasdaq Composite, which is dominated by technology stocks, closed ... More www.ertnews.gr
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