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Tech Rout Leaves Wall Street Bracing for More Volatile Stock Days as AI Rally Doubts Grow

By ChordNews · First written (updated )

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Summary

Technology stocks sold off late last week after disappointing earnings from large technology companies added to angst around the AI-driven rally, giving the stock market a long-awaited jolt of volatility. Wall Street is now bracing for more wild days in stocks. As the new month began, US equity futures advanced after a bruising selloff in the artificial intelligence trade, and falling oil prices helped lift sentiment. Later on November 1, a selloff in chipmakers weighed on stocks and pushed the S&P 500 lower, offsetting a slump in oil prices driven by hopes for diplomatic efforts to end the war in Iran.

This continues an earlier story: Tech Stocks Slump as Disappointing Earnings Fuel Doubts Over AI Spending

Later: Markets Swing Sharply After US Midterms as Investors Weigh AI Growth Outlook

Timeline

  1. Bloomberg

    Source ↗

    Reports that Wall Street is bracing for more wild days in stocks after a tech rout, as disappointing earnings from technology giants added to angst around the AI-driven rally.

  2. Bloomberg

    Source ↗

    Reports that a selloff in chipmakers pushed the S&P 500 lower, offsetting a slump in oil prices driven by hopes for diplomatic efforts to end the war in Iran.

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