Accelerated US stocks rotation
Accelerated US stocks rotation
The launch of new products by the AI company Anthropic accelerated the rotation in the US stocks. While the Nasdaq Index recorded its worst two-day decline since last April, the S&P500 suffered less, while Dow Jones even tried to update its all-time highs.
Software companies’ shares fell victim to investors’ hot hands. There are fears that the development of artificial intelligence technologies will deal a blow to their business. Traders are speculating about which companies AI will drive out of the market next. Tech giants, including Meta and NVIDIA, have also been hit, with investors selling their shares to offset losses from software manufacturers.
In contrast, demand for stocks sensitive to the state of the economy is growing. On the 4th of February, the shares of 92 companies from the S&P500 reached record highs. This is the highest figure since November 2024. Of these, 27 are related to manufacturing, 15 to finance and 10 to the energy sector.
By the FxPro Analyst Team
Brent - Why Is Oil Falling?
US Inflation in Focus as Euro Strengthens and Aussie Holds Near Two-Month Lows | 10th June, 2026
Gold (XAU/USD) Faces Persistent Selling Pressure
USDCAD looks exhausted near 2026 high
Oil Gains as Middle East Tensions and US Stock Draws Lift Prices
EBC Markets Briefing | Yuan unchanged despite US-Iran exchange of fire
TSLA Pulls Back as Speculation on SpaceX Merger Intensifies
