{"slug": "us-stocks-slide-as-wall-street-gets-ai-wake-up-call", "title": "US stocks slide, as Wall Street gets AI wake-up call", "summary": "US stocks fell sharply as a sell-off in technology giants sparked concerns that the artificial intelligence rally driving the bull market may be overblown. The S&P 500 dropped 1.4%, the Nasdaq composite fell 2.2%, and global markets were hit, with South Korea's Kospi plunging 10% from a record. Investors rotated into safe havens like Treasuries and the yen.", "body_md": "# US stocks slide, as Wall Street gets AI wake-up call\n\nThe tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility\n\nWall Street got a reality check as a bruising sell-off in several technology giants fuelled concern the artificial intelligence frenzy that has powered the equity bull market might be overblown.\n\nThe tech rout engulfed global stocks as worries about frothy valuations ignited a fresh bout of volatility after a nearly three-month surge in riskier assets.\n\nThe S&P fell 1.4 per cent. The benchmark index is coming off 11 weekly gains out of the last 12, led largely by technology stocks.\n\nThe Dow Jones Industrial Average, which is less influenced by tech stocks, gave up an early gain and closed just 0.1 per cent lower. The Nasdaq composite fell 2.2 per cent.\n\nLosses were more pronounced in Asia, with South Korea’s Kospi plunging 10 per cent from a record. SpaceX climbed after briefly falling below its debut’s open price.\n\nIn a rush for safety, US Treasuries rose while haven currencies including the Japanese yen and the Swiss franc outperformed. Conversely, bitcoin lost 3 per cent. Oil dipped, with tankers becoming more overt in transiting the Strait of Hormuz after an interim peace deal between the US and Iran.", "url": "https://wpnews.pro/news/us-stocks-slide-as-wall-street-gets-ai-wake-up-call", "canonical_source": "https://www.scmp.com/news/world/united-states-canada/article/3358114/us-stocks-slide-wall-street-gets-ai-wake-call?utm_source=rss_feed", "published_at": "2026-06-23 20:53:22+00:00", "updated_at": "2026-06-24 00:49:39.334065+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-ethics"], "entities": ["S&P 500", "Dow Jones Industrial Average", "Nasdaq", "Kospi", "SpaceX", "US Treasuries", "Japanese yen", "Swiss franc"], "alternates": {"html": "https://wpnews.pro/news/us-stocks-slide-as-wall-street-gets-ai-wake-up-call", "markdown": "https://wpnews.pro/news/us-stocks-slide-as-wall-street-gets-ai-wake-up-call.md", "text": "https://wpnews.pro/news/us-stocks-slide-as-wall-street-gets-ai-wake-up-call.txt", "jsonld": "https://wpnews.pro/news/us-stocks-slide-as-wall-street-gets-ai-wake-up-call.jsonld"}}