Stock Market Today: S&P 500 Losing Streak Extends to 6 Days as AI Tech Sell-Off Continues

The article discusses the recent sell-off in the stock market, particularly in the technology sector, driven by concerns over the potential impact of artificial intelligence (AI) on various industries. The S&P 500 index extended its losing streak to six consecutive days, with technology stocks leading the decline. Investors are grappling with the implications of AI, as companies like Microsoft and Google are investing heavily in the technology, raising fears of potential disruption across various sectors. The sell-off has been exacerbated by concerns over the Federal Reserve’s monetary policy tightening and the potential for further interest rate hikes. However, some analysts view the sell-off as a buying opportunity, particularly for companies that are well-positioned to benefit from the AI revolution.

Source: https://markets.businessinsider.com/news/stocks/stock-market-today-sp500-losing-streak-ai-tech-sell-off-2024-4