+34
Technology stocks under pressure as leaders of top AI companies push for slower pace of development
Technology stocks under pressure as leaders of top AI companies push for slower pace of development Wall Street’s main indexes fell on Monday, pummeled by a sell-off in heavyweight AI stocks.
Photograph: Michael M Santiago/Getty Imagescompanies pushed for a slower pace of development, while another surge in oil prices and global bond yields dampened broader risk appetite. Brent futures were up 4 per cent at $108.83 a barrel, having gained almost 9 per cent last week.
‘I once went into Lidl for groceries and came home with a pair of diving fins’London’s FTSE 100 rose on Monday as investors flocked to defensive sectors such as healthcare and consumer staples, while government bond yields resumed their advance in a week packed with central-bank decisions. The blue-chip FTSE 100 index closed up 0.4 per cent at 10,697.57 points.
The midcap FTSE 250 slipped 0.6 per cent to 23,834.48 points, its lowest close in more than a month.slid nearly 19 per cent to the bottom of the FTSE 250 after the data analytics and consulting company’s annual revenue growth forecast disappointed investors. The pan-European Stoxx 600 was down 0.5 per cent at 635.99 points.
Most regional markets declined, though London’s and Zurich’s indexes rose 0.4 per cent and 0.8 per cent, respectively.called on Saturday for companies to slow advances in AI model capabilities over misuse concerns, a view supported by xAI’s Elon Musk and OpenAI chief executive Sam Altman. European miners fell 2.5 per cent, while healthcare stocks bucked the broader trend to rise 2.7 per cent.
GSK gained 4.7 per cent after reporting positive trial results for two lung cancer drugs, adding to the sector’s momentum. At 11.40am ET, the Dow Jones Industrial Average fell 123.22 points, or 0.23 per cent, to 52,450.07, the S&P 500 lost 32.20 points, or 0.42 per cent, to 7,624.78, and the Nasdaq Composite dropped 114.87 points, or 0.44 per cent, to trade at 26,218.17.
Consumer staples and healthcare rose about 2 per cent and 1 per cent, respectively, as investors sought shelter in defensive areas of the market. Anthropic tells investors it will be profitable for second straight quarterKnee surgery patient wakes up to €3,000 bill after change made during procedureIrishman in Lapland: ‘I bought a house for €32,000. It’s a magic place to live’From influencers to brutal finishes, US Open 2026 was worst Grand Slam in recent memory
Please follow us on Google to support usUnited-States Japan Artificial-Intelligence Dublin Glenveagh-Living Cairn-Homes Fbd Ryanair Pharma Gsk Anthropic Dario-Amodi Sage Nvidia Amazon Intel Amd Adobe Workday Meta Alphabet
Ireland Latest News, Ireland Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Premier League Revises VAR Decision Over Erling Haaland's Controversial Manchester Derby GoalThe Premier League's Review Board has opened a probe into the VAR ruling that allowed Erling Haaland's 60th‑minute goal to stand after a post‑review that questioned the defender's off‑side position. Former United stars and analysts weigh in, raising concerns about the use of technology and the importance of on‑field review.
Read more »
Funding for Irish enterprises overwhelmingly dependent on international investors, study findsSector open to shocks from ongoing global geopolitical instability
Read more »
AI might kill us all but we want itDeveloping countries hope that AI will allow them to leapfrog entire stages of technology development
Read more »
Donald Trump says attempts to limit artificial intelligence are part of ‘sick conspiracy’US president says he is only ‘guardrail’ needed to control AI despite growing alarm over the technology
Read more »