AI Fears Drag Software and Analytics Stocks Down
TL;DR Summary
US tech stocks slid as AI concerns weighed on software and analytics names, with the Nasdaq down 2.2% and the S&P 500 off 1.4%. Gartner and S&P Global led the losses after Anthropic launched Claude Cowork tools to automate legal tasks, and others such as Intuit, Equifax, Moody’s and FactSet also fell, while European peers like Relx and London Stock Exchange Group dropped as AI demand cooled.
- Tens of billions wiped off media and financial data groups after Anthropic AI launch Financial Times
- Anthropic’s Move Into Legal, Data Services Sinks Software Stocks Bloomberg.com
- RELX, Wolters Kluwer Shares Plunge on AI Competition Fears The Wall Street Journal
- FTSE 100 falls back from record high amid AI worries; gold heads for best day since 2008 – as it happened The Guardian
- AI fears fuel selloff in software, data and advertising stocks Reuters
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