Wall Street falls sharply as technology losses deepen
Capitals on February 13 / WAM / Wall Street indices closed sharply lower on Thursday after the Nasdaq index fell by 2 percent and with…
Investors intensified their selling of technology company stocks and their exit from transportation sector stocks amid concerns about the disruption that technologies may cause.
artificial intelligence.
After the indices started today’s session on the rise, the stock indices turned to decline as investors sold shares of the most risky sectors
And bet on more hedged sectors such as utilities, consumer staples and real estate. Cisco Systems’ disappointing quarterly results contributed to weakening the market’s interest in technology companies in general. Transport companies have also been affected by concerns about disruption related to artificial intelligence.
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