Core Insights - Wall Street is experiencing a sell-off driven by fears related to artificial intelligence, particularly following the introduction of a new programming language by Anthropic and predictions of significant job losses in white-collar sectors [6]. Group 1: Market Reactions - Investors are showing renewed concerns as the tech sector faces pressure, particularly in enterprise software and private capital, leading to notable losses [6]. - The sell-off is exacerbated by the announcement of a 10% global tariffs regime, with U.S. President Donald Trump warning against manipulation of trade agreements [7]. Group 2: Company Performance - Standard Chartered, an Asia-focused lender, reported a disappointing Q4 performance despite a surge in its wealth management business, alongside a $1.5 billion share buyback announcement [6]. - CEO Bill Winters indicated that ongoing tariff issues are causing delays in investment decisions, reflecting broader economic uncertainties [6].
A.I. jitters prompt fresh Wall Street tech sell-off
Youtube·2026-02-24 08:55