XPost: alt.fan.rush-limbaugh, alt.politics   
   From: super70s@super70s.invalid   
      
   On 2026-02-27 16:39:16 +0000, J Kramer said:   
      
   > Dow tumbles 600 points after hot inflation report, mounting concerns about   
   > AI impact: Live updates   
   > Sean Conlon   
   > Pia Singh   
   >   February 25, 2026.   
   >   
   >   
   > Stocks dropped on Friday after the latest producer price index data came in   
   > much hotter than expected, adding sticky inflation to a list of concerns   
   > that has caused market turbulence this month.   
   >   
   > The Dow Jones Industrial Average dropped 620 points, or 1.3%. The S&P 500   
   > fell 0.7% while the Nasdaq Composite lost 0.9%.   
   >   
   > All three benchmarks are in the red for February amid mounting concerns   
   > about the impact of artificial intelligence on specific industries and the   
   > overall economy. Those fears were exacerbated after Jack Dorsey’s fintech   
   > company Block said it’s laying off more than 4,000 employees, or nearly   
   > half of its workforce. Stocks in the financial sector and other areas of   
   > the market tied to the economic cycle pulled back Friday.   
   >   
   > Notable software names also suffered losses Friday as they close out a   
   > terrible month on the threat of AI disruption to the industry. Salesforce   
   > tumbled more than 3%, and Microsoft lost more than 1%, weighing on the Dow.   
   > Cybersecurity company Zscaler shed 15% after deferred revenue and billings   
   > in the fiscal second quarter missed expectations. CoreWeave fell 18% on   
   > disappointing guidance.   
   >   
   > Nvidia extended its post-earnings slide with a 2% fall Friday. In the prior   
   > trading day, the stock shed more than 5%, which came to a surprise to many   
   > investors, who remain bullish on the chipmaker given its blowout fourth-   
   > quarter results and upcoming product cycle. Market participants attributed   
   > the decline in shares to doubts around Nvidia’s deal with OpenAI, weak   
   > sentiment over the AI trade and concerns about whether hyperscalers’ lofty   
   > AI capital expenditures are sustainable.   
   >   
   > Fueling the downbeat sentiment, January’s producer price index — a measure   
   > of wholesale inflation — showed a 0.5% increase for the month. Economists   
   > polled by Dow Jones saw the headline reading coming in at 0.3%. Perhaps   
   > more concerning is that the core PPI reading, which excludes food and   
   > energy prices, recorded a 0.8% gain, much more than the 0.3% rise   
   > economists anticipated.   
   >   
   > “Regardless of whether we see better-than-expected earnings, more tame   
   > inflation or a resilient labor market, people have been selling first and   
   > asking questions later,” said Chris Zaccarelli, chief investment officer at   
   > Northlight Asset Management. “This morning’s higher inflation data is one   
   > more thing to worry about within the ‘traditional’ economic analysis of   
   > price stability and full employment, even before investors factor in the   
   > disruptive potential of AI’s impact on the economy.”   
   >   
   > The Nasdaq is on pace for a decline of more than 3% in February and its   
   > worst monthly performance since last March. The iShares Expanded Tech-   
   > Software ETF (IGV) is down 10% for the month, bringing its year-to-date   
   > losses to 23%.   
   >   
   > The S&P 500 is on track for a more than 1% loss in February, while the Dow   
   > is on pace for a 0.3% decline.   
      
   Jamie Dimond has warned "watch out" for a very serious market   
   correction or even worse. According to him the AI bubble is a vicious   
   circle of profits --> more AI investment --> layoffs that has to burst   
   in the near future. These companies are way overvalued and many of them   
   are up to their ears in debt.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)