S&P 500 ends longest calm streak since 2020 as AI stocks sink

AI-generated briefing · First published

The S&P 500 fell 1.1 percent on Wednesday, its steepest drop in more than two months, ending the longest streak of daily moves under 1 percent since 2020.

The S&P 500 fell 1.1 percent on Wednesday, its steepest drop in more than two months, ending the longest streak of daily moves under 1 percent since 2020. [1] [2] [3]

Stronger-than-expected CPI data revived concerns that the Federal Reserve may need to raise rates more aggressively, pressuring technology and AI-related shares. [2] [3]

The Nasdaq 100 dropped 2 percent and the Russell 2000 fell 1.9 percent; CoreWeave shares plunged 15 percent and Dell fell 11 percent. [3]

Sources

  1. S&P 500 Ends Longest Streak of Calm Since 2020 as AI Trade Sinks

    Bloomberg · · Summary only

  2. Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow

    NY Times · · Summary only

  3. 美国股市:标普500指数录得7月以来最差表现 CPI超预期重燃加息忧虑

    Sina Finance · · Full text

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