Inflation Broke Lower, The AI Trade Broke with It: The Week on Wall Street
Technology stocks fell 5.9% this week and IBM posted its worst day on record, even as June inflation cooled to 3.5%. Here is what drove the AI selloff.
This week, prices stopped going up as fast (inflation cooled), which usually sounds good—but tech stocks fell hard anyway because investors got worried about interest rates. When you watch tech stocks, remember that good inflation news doesn't always mean good news for them.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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