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AI Jitters and Rate-Hike Fears Spark Worst Stock Day Since July

Original: AI Jitters and Rate-Hike Fears Combine for Worst Day for Stocks Since July

Global stock markets suffered their worst day since July, hit by a combination of concerns about high valuations in artificial-intelligence shares and renewed fears that central banks may keep interest rates higher for longer. Investors sold off technology stocks in particular, and traders are watching upcoming economic data and earnings for signals on whether the pullback will deepen.

Why now: Renewed doubts about AI stock valuations combined with rate-hike fears triggered a sharp market selloff.

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