S&P 500 Falls for Third Day as Tech Selloff Deepens Amid AI Disruption Fears

The S&P 500 index recorded its third consecutive decline, driven by significant losses across the software and mega-cap technology sectors. Analysts at Deutsche Bank described the session as a broad risk-off environment, as investors moved away from riskier assets. The selloff was primarily attributed to growing fears regarding the potential disruption from artificial intelligence, impacting investor sentiment towards established tech giants. This sustained downturn in major technology components signals notable negative sentiment. The consecutive declines point to potential broader market weakness for US equities, raising concerns among market participants.