Markets: AI and Shutdown Weigh on Wall Street
Wall Street is struggling to secure a fourth consecutive week of gains. The $SPX500 and $NSDQ100 are down 1.8% and 2.8% respectively, with tech stocks—especially AI—facing profit-taking after two years of strong performance. The Nasdaq remains just 4% below its October peak, indicating a consolidation phase rather than a crisis.
The ongoing U.S. government shutdown, with no budget agreement in sight, is amplifying uncertainty: economic data is missing, flights are being canceled, and the Fed is torn between fighting inflation and supporting employment. Markets now price in a 67% chance of a rate cut in December.
In Europe, corporate results are mixed: $ENX.PA (Euronext NV) beats expectations and announces a share buyback, while $AKE.PA (Arkema) and $APAM.NV (Aperam S.A) disappoint. In Asia, China and Japan are also feeling the tech sector pullback.
Key points to watch: upcoming corporate earnings and the shutdown’s impact on economic visibility.... Show More
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Mon Dec 15 2025 09:11:12 GMT+0000 (Coordinated Universal Time)
