Global financial markets are nervous. We know this because Wall Street’s fear index, the VIX, surged 12 per cent overnight to 26 points. Tech rally fizzles out Wall Street investors have been on a rollercoaster ride overnight, with an early tech rally on Nvidia’s results soon replaced by a big sell-off, and the ASX set…
It’s been a tough week for the bulls. The selling in the stock market continued on Friday, extending a decline that puts major indexes on track for a sharp weekly loss. The Nasdaq 100 was down more than 5% in five days, heading for its worst weekly performance since the tariff-fueled sell-off in April. Here’s…
You would be forgiven for thinking lately that AI is the only thing markets care about. Exuberance around AI technology has fueled a face-melting rally in stocks this year, but President Donald Trump reminded investors of two things on Friday: the trade war is still a risk, and—more importantly—Trump is still king when it comes…