In the stock market, a broad sell-off occurred as investors distinguished winners and losers in the artificial intelligence boom, with the Nasdaq falling 1.5%. A stronger-than-expected U.S. jobs report dampened expectations for near-term interest rate cuts by the Federal Reserve, leading to a market shift and re-evaluation of monetary policy easing. Among impacted stocks, Upstart (UPST) experienced significant volatility due to concerns over the impact of new AI models on traditional software, resulting in a 33.9% decline since the beginning of the year. Stay informed on stock movements by adding them to your StockStory watchlist for timely updates.

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