Wall Street's major indexes open lower as investors express uncertainty over whether the returns from artificial intelligence companies can be sustained.
Wall Street opened negatively as major indexes declined after the holiday, reflecting investors' skepticism about the sustainability of returns from artificial intelligence firms. The Nasdaq Composite fell by 1.08% to 22,297.84 points, the S&P 500 decreased by 0.66% to 6,795.73 points, and the Dow Jones dropped by 0.50% to 49,272.71 units.
Despite being near historical highs, the market faces pressure as some investors express hesitation in perceiving the upward trend due to significant sell-offs that have begun to materialize. This uncertainty has led to a cautious outlook, suggesting if the current wave of pessimism continues, it may create a volatile environment for the market’s overall trajectory, even as a bullish sentiment remains predominant.
In contrast to Wall Street's turmoil, European markets showed positive gains, with a 0.41% increase in overall earnings. The IBEX 35 index in Spain also reported gains, contrasting sharply with the trends observed on Wall Street, indicating that investor sentiment can vary significantly across regions and economic conditions.
