Wall Street’s Selloff Turned Into a Stampede This Week
Rather than a single trigger, anxiety has been stoked by a steady drumbeat of negative news.
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All across Wall Street, the headlong rush into stocks, precious metals and crypto has given way to a sudden retreat from risk.
Rather than a single trigger, anxiety about valuations has been stoked by a steady drumbeat of negative news. Big tech companies are embarking on eye-watering AI spending sprees, and it’s becoming clear that the technology poses a real threat to the business models of software and legal services companies.