AI Stocks, Fed Rate Cut Hopes Drag US, Global Markets Lower

Global stocks plummeted on Tuesday, marking the longest streak of losses since August, as investors fretted over high valuations of AI and tech companies and the Federal Reserves potential rate cut decision. Nvidias upcoming report and JPMorgans warnings of an AI stock correction further fueled market anxieties. Global declines were seen in Japan, South Korea, Britain, and France, with upcoming delayed US economic data releases adding to the uncertainty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.