Friday, June 26Friday, June 2617 days · 13 summary articles
Global risk aversion deepened on Friday as surging demand for AI chips sent technology costs soaring, undermining end-user demand and sending US tech stocks to their longest losing streak of 2026. The Nasdaq Composite fell for a fifth consecutive session , while Asian markets suffered sharp sell-offs as investors reassessed the sustainability of the AI rally. Core US inflation met forecasts, tempering expectations of Federal Reserve rate hikes from two to one by year-end, yet the broader sell-off in tech shares showed no sign of abating.
Micron Technology’s shares tumbled 5% on Friday alone, dragging the sector lower as global technology stocks extended their decline . The rout extended to Europe, where the DAX index lost more than 350 points, weighed down by negative media reports on OpenAI and Apple, while oil prices hovered near $70 per barrel . Futures pointed to further weakness on Wall Street, with analysts warning that the five-day losing streak in tech shares could persist amid overstretched valuations.
Optimism over a potential Middle East peace deal and reassuring AI earnings provided only temporary relief, as caution dominated ahead of Thursday’s US PCE and growth data, which could reshape inflation expectations and Federal Reserve policy . Meanwhile, financial regulators are scrambling to develop tools to counter the rise of AI, signaling growing unease over its systemic impact on markets .
The Federal Reserve’s new chair, Warsh, delivered a firm inflation stance that eased long-term price expectations, while oil’s retreat below $70 per barrel further tempered inflation concerns . Yet the immediate market reaction remained negative, with the Russell rebalance expected to add volatility to high-profile AI-linked stocks such as SpaceX . As the week drew to a close, investors braced for further turbulence, with the tech sector’s vulnerability exposed by the relentless surge in chip demand and its cascading effects on global markets.
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Russell rebalance could add to SpaceX volatility reut.rs/3T4gTO7
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handelsblatt · about 3 hours ago
Dax aktuell: Dax notiert im Minus und verliert mehr als 350 Punkte – Ölpreis nahe 70 Dollar Negative Medienberichte zu Open AI und Apple drücken den deutschen Leitindex zum Wochenschluss nach unten. Am Nachmittag blicken die Anleger außerdem auf neue Konjunkturzahlen aus den USA.
handelsblatt · about 3 hours ago
Global markets mixed as peace hopes rise, AI earnings reassure Global markets were mixed as optimism over a Middle East peace deal and positive AI earnings eased investor concerns. However, caution prevailed ahead of US PCE and growth data due Thursday, which could shape expectations on inflation and Federal Reserve policy.
yenisafak · about 3 hours ago
Global risk perception rises as chip demand drives tech costs Risk aversion increased in global markets as surging chip demand raised costs in AI and tech sectors, potentially weakening end‑user demand. Core US inflation met estimates, reducing expectations of Fed rate hikes from two to one by year‑end, while Asian markets saw sharp sell‑offs.
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gdeltproject.org · about 3 hours ago
Futures Pointing To Initial Weakness On Wall Street
gdeltproject.org · about 3 hours ago
US tech stocks fall for fifth day in a row Nasdaq Composite on track for longest losing streak of 2026 amid worries about an overstretched rally in AI-related shares
financial times · about 3 hours ago
Micron falls 5 as tech stocks struggle Micron Technologys shares tumbled on Friday amid a global sell-off in technology stocks.
cnbc · about 3 hours ago
Financial regulators scramble to counter AI rise with own tools reut.rs/3R3RnYM
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