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What moved stocks, bonds and currencies and why, central bank decisions, key economic data, and big earnings.

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Renewed doubts about the payoff from massive AI spending drove a sharp selloff in U.S. technology stocks.

Markets & investing2 items

Meanwhile, initial jobless claims fell to 194,000, near their lowest level since the 1960s.

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Recent briefs

  1. Tue, Nov 36 itemsU.S. technology stocks rebounded ahead of midterm election results, while the dollar and Treasury yields rose alongside solid economic data. A $115 billion chip-sector deal and Anthropic’s enormous spending plans underscored the scale of the AI investment boom.
  2. Mon, Nov 28 itemsFalling oil prices lifted Treasuries and initially supported stocks, although major indexes later pared gains and the Nasdaq turned negative. Fed tightening signals, strong manufacturing activity and fresh AI financing disclosures remained in focus.
  3. Sun, Nov 18 itemsCredit stress and AI spending concerns dominated markets, with junk debt selling off and the Nasdaq recording a 5.3% October decline. Investors also sought safety in consumer staples, while Germany’s gas-storage shortfall added another European energy risk.
  4. Sat, Oct 318 itemsThe Nasdaq 100 briefly entered correction territory as technology earnings deepened doubts about AI spending. Elsewhere, Brazil’s election result pushed agricultural commodities lower, and Fitch downgraded France’s outlook after an unexpected economic contraction.
  5. Fri, Oct 305 itemsA deepening technology selloff pushed the S&P 500 down 1.8% and the Nasdaq down 2.86%, as disappointing earnings intensified concerns about AI spending. Federal Reserve officials called for further rate increases, while the Bank of Japan held rates and declared its inflation target met.
  6. Thu, Oct 298 itemsDisappointing technology earnings sent the Nasdaq 100 lower and revived concerns about AI investment returns. Strong U.S. growth and accelerating inflation complicated the Federal Reserve’s pause, while the ECB held rates and Christine Lagarde announced an early departure.
  7. Wed, Oct 287 itemsThe Federal Reserve held rates steady despite elevated inflation, and Wall Street finished higher. Alphabet’s results renewed concerns about AI spending returns, while European gas prices jumped above €100 on fears of escalating war in Iran.

Who and what it tracks

  • Federal ReserveOrganization12
  • NasdaqOther10
  • Bank of JapanOrganization9
  • S&P 500Other7
  • European Central BankOrganization3