Wed 17 Dec: After the Bell🔒

AI Funding Fears Spark Risk-Off Sell-Off on Wall Street.

ℹ️ Today’s performance tables & charts on the ‘Market Data’ post.

---

ℹ️ USMD will take a break until early January. A big thanks to our subscribers🙏 Merry Christmas🎅

Good evening,

It was a clear risk-off session on Wall Street, with the Dow, S&P 500 and Nasdaq falling between 1% and 2% as renewed pressure on technology stocks weighed on sentiment. The sell-off was triggered by fresh concerns around the AI trade after a Financial Times report said Oracle’s $10bn data-center project had lost backing from US private lender Blue Owl Capital, reviving scrutiny of rising leverage and off-balance-sheet financing used to fund AI infrastructure amid lingering questions over end demand.

Oracle shares slid nearly 6%, dragging megacap tech lower, with Nvidia down almost 4%, Broadcom off more than 4% and Google falling over 3%, while the MAGS index dropped 2.2%. Energy was the standout sector, supported by a partial rebound in crude oil prices after a weak week. Investors also remained cautious ahead of Thursday’s US consumer inflation data, while continuing to digest yesterday’s delayed and mixed non-farm payrolls release.