Global Stocks Follow U.S. Sell-Off as A.I. Spending Fears Spread
Joe Rennison reports for the Times that stocks worldwide whipsawed through a week in which a Democratic midterm sweep's relief rally gave way to A.I. spending fears, sending the S&P 500 to its largest decline in nearly two years and Japan's Nikkei into a bear market before a strong jobs report helped markets stabilize on Friday. Analysts like Tom Lee and Mohit Kumar called the turmoil a dip-buying opportunity rather than the end of the A.I. trade, and investors broadly expect a rally into year's end despite tougher A.I. regulation ahead.
