Fears of Artificial Intelligence in Global Markets: Volatility with Wall Street

AI Doubts Shake Wall Street

Recent volatility on Wall Street has led to a significant drop in high-value technology stocks and cryptocurrencies. Fed Governor Christopher Waller mentioned that there might be further interest rate cuts, while U.S. Treasury bonds are trying to recover their losses.

Decline in Technology Stocks

With a loss of confidence in artificial intelligence companies, a noticeable decline was observed in technology stocks. For instance, shares of Nvidia Corp. decreased by 3.8%. These developments accelerated losses as the S&P 500 broke through an important technical level, resulting in a 1.2% decline for the index. Furthermore, the Nasdaq 100 lost 1.9%.

Global Market Indicators

U.S. futures are flat, while European stock markets are trading in positive territory. The MSCI Asia Pacific Index fell by 0.7%, and South Korea’s Kospi and Japan’s Nikkei 225 indices experienced losses of over 1%.

Currency and Oil Market Trends

The Bloomberg Dollar Index, which showed a 0.21% increase on Wednesday, continues to maintain its gains. However, geopolitical risks in Venezuela and Russia are still overshadowing the already weak global supply outlook. Oil prices have also attracted attention, rising for the second consecutive day.

Fluctuations in Oil Prices

Brent crude oil initially rose to $61, but lost some of its intraday gains due to U.S. President Donald Trump not addressing developments in Venezuela. U.S. crude oil WTI is currently trading above $56.