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Stocks Plunge on AI Disruption Fears: Wall Street Analysts Suggest Overreaction

Stocks Plunge on AI Disruption Fears: Wall Street Analysts Suggest Overreaction

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 Listeners, yesterday's US stock market saw sharp declines driven by fears over artificial intelligence disruption across sectors. According to Nasdaq, the Dow Jones Industrial Average fell one point three percent or six hundred sixty-nine point four two points to close at forty-nine thousand four hundred fifty-one. The S&P five hundred slipped one point six percent to finish at six thousand eight hundred thirty-two point seven six points, while the tech-heavy Nasdaq Composite tumbled two percent or four hundred sixty-nine point three two points to twenty-two thousand five hundred ninety-seven point one five points[2]. Fortune reports the S&P five hundred dropped one point five seven percent as traders fled AI-exposed stocks, with the Nasdaq down two percent and the market now negative for the year[1].

Tech stocks led the plunge, with the Information Technology Select Sector SPDR down two point six percent, financials lost two percent per the Financials Select Sector SPDR, and communication services declined one point eight percent; utilities gained one point five percent and consumer staples added zero point nine percent[2]. Key decliners included Cisco Systems down twelve point three percent on weak guidance, CBRE Group plummeting eight point eight percent on AI office demand fears, and C.H. Robinson tumbling fourteen point five percent amid trucking AI worries from Algorhythm Holdings news[1][2].

Most active trading saw high volume at twenty-two point four five billion shares. Wall Street analysts like Deutsche Bank's Jim Reid and Yardeni Research's Ed Yardeni suggest the speculative selloff is overdone, with little evidence of AI job losses yet[1].

Looking ahead, S&P five hundred futures are flat per Fortune[1], while MarketPulse notes intraday rebounds with S&P pushing toward six thousand nine hundred and Nasdaq toward twenty-five thousand after softer-than-expected January Consumer Price Index at zero point two percent monthly headline versus zero point three percent forecast, core at zero point three percent, headline yearly at two point four percent[7][8][9]. Watch tomorrow's oil rig count and ongoing Fed pause signals from this CPI[3][6].

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