Urgent.News

What's breaking now, across thousands of outlets.

Business

Wall Street: Startet jetzt das Comeback vom Tech-Absturz?

Gestern machte der Nasdaq 100 den größten Tagesverlust seit dem Corona-Crash vor sechs Jahren. Doch heute geht es wieder nach oben. Das hat vor allem technische Gründe.

Wall Street: Startet jetzt das Comeback vom Tech-Absturz?

The beauty of Wall Street lies in the fact that there is always a fundamental explanation available, no matter how astonishing the market movement. On Wednesday, stock prices on Wall Street rose sharply due to the resounding victory of the Democrats in the midterm elections within the United States, and markets love nothing more than planning certainty.

On Thursday, however, the indices recorded historic losses in some cases, out of fear that the Democrats would impose stricter regulation on the AI industry and curb the expansion of data centers, thus throttling the boom that supports the entire US economy. "Read more: "AI Bloodbath" on the Markets: Three Billion Dollars of Market Value Destroyed in a Day" The severe losses are a bit more rational than the gains, as the AI boom is indeed experiencing its first major crisis, at least in terms of the stock market.

This crisis will undoubtedly be followed by many more, completely independent of whether we are dealing with a market bubble at the moment or not.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

I thought staying in my college town after graduation would spare me the postgrad growing pains. It didn't.

After graduating, I didn't leave my college town. I thought staying and being with friends would make postgrad life easier, but I still felt lonely.

  • Siena Frolich found postgrad life in Fort Worth more challenging than expected.
  • Living with friends didn't ease the transition due to differing schedules and responsibilities.
  • Siena learned postgrad friendships require more planning than college years.

More from Friday 6 November →