US stock market crashes today due to a growing $1.2 trillion AI “scare trade” that hit logistics and software stocks hard. The Dow, S&P 500 and Nasdaq each fell more than 1%. Investors are dumping Nvidia, Apple, and Amazon stocks. New data shows AI could replace 400% of logistics labor, fueling disruption fears. While S&P 500 tech names crash, money is moving to Walmart and Boeing. Traders now await Friday’s CPI inflation report to see if the Fed will cut rates.
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily International News Updates.
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily International News Updates.
Explore More Stories
Dennis Hull, Blackhawks legend and brother of Bobby Hull, dies at 81
Gen Z jobseeker storms out of interview midway after learning ‘remote’ role is actually hybrid, vows surprising revenge for ‘wasting’ his time
Canadian man, who posed as New Jersey teen to sexually exploit over 145 US children, sentenced for 33 years
Halifax Crime Update: Mother of baby whose remains were found in wooded area has died, cops reveal chilling details
Quote of the Day by George Harrison: ‘When you’ve seen beyond yourself, then you may find…’ Words on peace and spirituality by The Beatles vocalist
Employee waits 22 years for leadership handover, only to learn 65-year-old boss refuses to retire as he doesn’t want to stay home all day with his wife because she’s unemployed
BYD eyes Canadian EV market as new trade deal opens doors for Chinese automakers, but federal rebate eligibility raises key questions for buyers
Hurricanes shut out Canadiens 4-0 in Game 4, edge closer to Stanley Cup Final berth
Quote of the Day by Carl Jung: ‘Where love rules, there is no will to power, and where power predominates…’ – Why the founder of analytical psychology believed the urge to dominate can damage relationships
‘Thanks Mr Cheap’: Waitress insults customer’s 15% tip; what he did next made the manager offer a free meal card
Mark Stone and Cole Smith shine as Golden Knights sweep Avalanche to reach third Stanley Cup Final in nine seasons
Quote of the Day by Bernard M. Baruch: ‘Be who you are and say what you feel, because those who mind don’t matter, and those who matter…’ – The Jewish advisor to Franklin D. Roosevelt on the exhausting urge to be liked by everyone
Nova Scotia Crime: Woman charged with attempted murder after alleged stabbing in Halifax; what do we know so far
‘Jointness, self-reliance key to India’s security’: NS Raja Subramani, CDS
PSG Champions League celebrations spark unrest; 400+ arrested
Mamata claims Rahul offered to fly Abhishek to Hyd for treatment
Delhi building collapse: Several feared trapped, 9 rescued
‘Make a deal or deal with the War Dept’: Hegseth warns Iran
TMC’s Abhishek Banerjee ‘Assaulted’ on way to visit victim…
Indian Ambassador’s fluent Mandarin wins praise online
‘Rulers have become killers’: Mamata fumes over attack on…
India-US partnership can counter China, says US envoy Sergio Gor
‘We value our relationships with both India & Pak’: Tommy Pigott
‘Jointness, self-reliance key to India’s security’: NS Raja Subramani, CDS
PSG Champions League celebrations spark unrest; 400+ arrested
Mamata claims Rahul offered to fly Abhishek to Hyd for treatment
Delhi building collapse: Several feared trapped, 9 rescued
‘Make a deal or deal with the War Dept’: Hegseth warns Iran
TMC’s Abhishek Banerjee ‘Assaulted’ on way to visit victim…
Indian Ambassador’s fluent Mandarin wins praise online
‘Rulers have become killers’: Mamata fumes over attack on…
India-US partnership can counter China, says US envoy Sergio Gor
‘We value our relationships with both India & Pak’: Tommy Pigott
Hot on Web
In Case you missed it
Top Searched Companies
Top Calculators
Top Story Listing
Top Prime Articles
Top Definitions
Top Commodities
Top Slideshow
Private Companies
Latest News
Follow us on:
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in
Leave a Reply