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US Markets Wrap: When AI Becomes the Market’s Biggest Risk
Published 7 months, 2 weeks ago
Description
Wall Street tumbled as investors shifted from cheering AI’s promise to fearing its disruption, with the Dow plunging 670 points and tech and software stocks extending steep losses. From financials to freight and real estate, concerns over job losses and squeezed profit margins rattled sentiment, even as some strategists argue the selloff may be overdone. Brenda Vingiello, Chief Investment Officer, Sand Hill Global Advisors unpack the volatility, defensive rotation into staples, and what the upcoming inflation data could mean for markets next.
Produced/Presented: Ryan Huang
Image: Frank Rietsch from Pixabay
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