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
- S&P 500 Ends Longest Streak of Calm Since 2020 as AI Trade Sinks
Bloomberg · · Summary only
- Stocks Tumble as Concerns Over Inflation and A.I. Investments Grow
NY Times · · Summary only
- 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