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Stock impact report

'The dark side of AI': Wall Street weighs recent stock sell-off over disruption fears [Yahoo! Finance Canada]

C.H. Robinson Worldwide, Inc. (CHRW) 
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.chrobinson.com
The stock market just got a look at how disruptive investor concerns over AI could become across multiple industries. What began as a shake-up in software stocks spread to the wealth management, transportation, and logistics industries last week, raising questions about just how deeply AI could transform not only tech but also high-fee service businesses. The S&P 500 ( ^GSPC ) and Nasdaq Composite ( ^IXIC ) both ended the week down more than 1% as Financial Services ( XLF ), Consumer Discretionary ( XLY ), and tech stocks sold off on AI concerns. The Dow Jones Industrial Average ( ^DJI ) was down 1.2% for week, while the Nasdaq Composite ( ^IXIC ) dropped 2% and the S&P 500 ( ^GSPC ) slipped 1.4% S&P 500 (^GSPC) "That's the dark side of AI," Innovator Capital Management chief investment strategist Tim Urbanowicz told Yahoo Finance. "We need to pay attention to that because I do think there's going to be other industries that are disrupted, and this is certainly a threat." S Show less Read more
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