The most recent development in the financial markets is a notable selloff in technology stocks, which has overshadowed positive news regarding inflation in the United States. According to Business Recorder, U.S. stocks are experiencing their worst week since November, with the Dow Jones Industrial Average dropping 67.89 points, the S&P 500 falling 3.79 points, and the Nasdaq Composite losing 51.78 points. This downturn is attributed to fears of AI-driven disruption across various sectors, including software and insurance, despite a softer-than-expected increase in consumer prices in January. Michael Metcalfe from State Street Markets noted, 'The trend in disinflation continues,' suggesting a potential for interest rate cuts later in the year. However, the sentiment remains cautious as investors question the high valuations and future earnings streams, particularly in the tech sector, with companies like Nvidia and Apple seeing declines of 2% and 0.8%, respectively.
FINANCE
Trump Considers Easing Aluminium Tariffs, Prices Drop in London

Tech stocks selloff overshadows U.S. inflation news, with AI fears hitting markets. Dow, S&P, Nasdaq drop amid cautious sentiment. Oil prices fall as U.S.-Iran tensions ease, impacting demand.
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Business Recorder
Updated 9h agoWall St heads for weekly losses as tech selloff offsets inflation reliefFEB 13, 3:53 PMRead →Aluminium drops on report Trump may ease tariffsFEB 13, 12:42 PMRead →Commodity, healthcare stocks drag Australian shares lower; Cochlear loses tuneFEB 13, 6:25 AMRead →Shanghai copper tumbles amid broad selloff ahead of China holidayFEB 13, 6:10 AMRead →Australia, NZ dollars extend winning run as yields attractFEB 13, 6:09 AMRead →Chicago soybeans extend rally on China buying hopesFEB 13, 6:08 AMRead →Iron ore dips as traders unwind positions ahead of China holidayFEB 13, 5:58 AMRead →China stocks slip ahead of holiday, Hong Kong shares down after Wall Street slideFEB 13, 5:56 AMRead →China’s yuan set for longest weekly winning streak in 13 yearsFEB 13, 5:53 AMRead →Palm dips on weaker Dalian, set for second weekly fallFEB 13, 5:51 AMRead →Japan’s Nikkei tracks Wall Street decline, SoftBank Group fallsFEB 13, 5:50 AMRead →Gold bounces back from near one-week low; US inflation data in focusFEB 13, 5:27 AMRead →Gold and silver rise from near one-week lows on bargain-huntingFEB 13, 2:45 AMRead →Yen on track for best week in nearly 15 monthsFEB 13, 2:39 AMRead →Oil set for weekly drop as Iran risks recede, oversupply concernsFEB 13, 2:35 AMRead →
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Daily The Patriot
Updated 17h agoTH
The Hindu
Updated 17h agoCN
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Updated 1 day agoYT