S&P 500 Futures Decline: The Role of AI in Wall Street's Tech Momentum
S&P 500 Futures Decline: The Role of AI in Wall Street's Tech Momentum The stock market has faced turbulent times recently as S&P 500 futures recorded a decline for the third consecutive day. This downturn is closely associated with the struggles of once-hot AI stocks, particularly Oracle, whose shares have seen a notable dip. Coupled with rising yields, investors are left reconsidering their strategies amidst these changes. AI Stocks Under Pressure One of the key players in the AI space, Oracle, has taken a hit as its stock price slips, shaking the confidence of investors who were initially drawn to its robust performance. As the market adjusts, fears surrounding the sustainability of tech momentum are rising, particularly in the backdrop of increasing interest rates that could hinder growth. While NVIDIA continues to lead the charge in AI innovation, the broader tech sector seems to be grappling with the ramifications of the chip sector's decline. This p...