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Economists see broad Global AI gains favoring developed marketsU.S. stock market splits as AI slump drives record divergenceMichigan voters decide utility donation ban in NovemberFresh vegetable prices in France jump 35.8% on drought and fuel costsFed data points to rising rates as inflation stays above targetAckman urges Trump administration to end housing giants’ conservatorships by 2027

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

U.S. stock market splits as AI slump drives record divergence

A2D News Desk

The U.S. Stock market is experiencing a sharp divergence between artificial intelligence stocks and the broader economy, with the S&P 500 falling more than 1% on Thursday while over 300 individual index members rose. This disconnect, described by strategists as a seesaw effect, marks the eighth consecutive week that the equal-weighted S&P 500 and the PHLX Semiconductor Index have moved in opposite directions, a record streak dating back to the mid-1990s.

Read the full story at morningstar.com.

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