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AI rout sets off market alarm signals as traders brace for what's next

AI rout sets off market alarm signals as traders brace for what's next

By Harry Robertson and Dhara Ranasinghe LONDON, Nov 6 (Reuters) - A rout in technology stocks as confidence in the AI trade falters could test the resilience of global financial markets from New York to Taipei.

Wall Street stocks in relief rally after heavy AI-related selloff

Wall Street stocks in relief rally after heavy AI-related selloff

By Chibuike Oguh and Marc Jones NEW YORK/LONDON, Nov 6 (Reuters) - Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value was wiped out over fears that Democratic election victories this week would bring tighter US regulations for the

Morning Bid: AI's reality check

Morning Bid: AI's reality check

A look at the day ahead in European and global markets from Tom Westbrook Investors abandoned the chipmakers at the vanguard of the AI revolution on Friday, with margin calls rippling across Asia and bonds surging as the tech bets that have defined the year in financial markets came spectacularly

Japanese investors snap up foreign long-term bonds as tech stocks slide

Japanese investors snap up foreign long-term bonds as tech stocks slide

Nov 6 (Reuters) - Japanese investors bought foreign long-term bonds for the first time in seven weeks in the week ended October 31, opting for safety amid a selloff in technology stocks and after the Federal Reserve held interest rates steady.

Nasdaq pares losses as chips recover, rate-hike fears linger

Nasdaq pares losses as chips recover, rate-hike fears linger

By Shashwat Chauhan and Utkarsh Hathi Nov 6 (Reuters) - The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher AI regulation, even as the jobs report raised interest-rate hike

Dollar index jumps after US payrolls beat forecasts

Dollar index jumps after US payrolls beat forecasts

By Chuck Mikolajczak NEW YORK, Nov 6 (Reuters) - The US dollar index jumped on Friday and was on pace for its biggest daily percentage gain in seven weeks as it extended gains after a stronger-than-expected US payrolls report.

Nasdaq futures rise after steep AI selloff as chip stocks stabilize

Nasdaq futures rise after steep AI selloff as chip stocks stabilize

Nov 6 (Reuters) - Nasdaq futures climbed on Friday as chip stocks gained ground after a technology-led rout wiped nearly $3 trillion off the market value for S&P 500 companies on fears that Democratic control of the US Congress could lead to tougher AI regulation.

Nasdaq rebounds as chip stocks recover from steep losses

Nasdaq rebounds as chip stocks recover from steep losses

By Shashwat Chauhan and Utkarsh Hathi Nov 6 (Reuters) - The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democrats-led Congress could result in tougher AI regulation, even as the jobs report raised interest-rate hike concerns

Wall Street stocks rally after heavy AI-related selloff

Wall Street stocks rally after heavy AI-related selloff

By Chibuike Oguh and Marc Jones NEW YORK/LONDON, Nov 6 (Reuters) - Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US regulations for the

Nasdaq rebounds but posts fourth straight weekly decline

Nasdaq rebounds but posts fourth straight weekly decline

By Colin Barr and Shashwat Chauhan Nov 6 (Reuters) - Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive weekly decline as investors sifted for clues about what comes next in the AI trade.

SoftBank credit risk jumps to 4-year high as AI fears roil market

SoftBank credit risk jumps to 4-year high as AI fears roil market

SINGAPORE/TOKYO, Nov 6 (Reuters) - The cost of insuring against a default for tech investor SoftBank Group jumped to its highest in four years on Friday as worries about AI profitability roiled the world's financial markets.

Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs

Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs

By Summer Zhen and Anirban Sen HONG KONG, Nov 6 (Reuters) - A brutal global equity selloff led by technology stocks has wiped out year-to-date gains at many hedge funds, while forcing some managers to cut risks and reduce investment teams. The post-midterm relief rally proved short-lived.