New Cracks in AI Trade Push Wall Street to Worst Week Since June
Recent shifts in equity markets, driven by renewed risk aversion amidst AI trade concerns, have triggered a broader sell-off across sectors from CoreWeave to Alphabet. This has inflicted noticeable pressure on stock values, contributing to Wall Street's most volatile week since June. Falling Treasury yields have further prompted a flight to safety, emphasizing the ongoing safe-haven appeal of the USD and JPY. In this context, the persistent volatility in equities highlights the fragility of market confidence and its implications for currency stability.