Wall Street: Anthropic triggers AI sell-off – oil price continues to rise
Expensive oil and doubts about the AI boom are weighing on Wall Street. Additionally, the upcoming Fed meeting is clouding investor sentiment - because the likelihood of an interest rate hike is high.
US stock market indices are expected to start lower, with the Nasdaq potentially falling 1.6%. The price of Brent oil remains above $100 per barrel, at $108 per barrel. Investor concerns about AI investments have grown after Anthropic CEO Dario Amodei called for slower development and independent safety checks. The shutdown of a Saudi pipeline has raised worries about oil supply, with export reserves expected to last only five to seven days. The US Federal Reserve is set to meet on Wednesday, with a 92% chance of a rate hike.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
