Tech stocks experienced a shakeout, with the Nasdaq plunging 1.5% while the Dow Jones hit a record high. Concerns about AI bubbles and job destruction, along with upcoming Nvidia earnings and Fed conference caution, contributed to the tech slump. Overseas markets were also impacted, with European stocks flat and Chinese stocks rallying.

Military planners are discussing post-conflict security guarantees for Ukraine, while China is rapidly increasing its nuclear forces. British inflation rose to 3.8%, the highest in 18 months, creating price growth issues. Oil prices may face a supply overhang imbalance, and Trump’s global economic rule changes are raising investor concerns.

A Reuters/Ipsos poll showed 71% of Americans fear AI advancements will permanently displace jobs. Federal Reserve meeting minutes are released today, alongside U.S. corporate earnings reports and a $16 billion 20-year bond sale. Stay updated with ROI on Reuters for more news.

Read more at Yahoo Finance: Tech angst on AI doubts