"There were so many mood swings. I mean, at one point this month, the stock market had its worst day since October. That was after President Trump made new threats about tariffs and taking U.S. control of Greenland. Then this past week, the S&P 500 hit that all-time high. We're seeing all this sort of anxiety and volatility play out, especially with gold and other precious metals."
"So tech companies are largely powering the stock market, as we've covered extensively at NPR. They're responsible for about a third of the S&P 500, so what happens with tech matters for all of Wall Street. And in general, big tech companies are spending so much money on AI, and they're just not seeing a payoff yet. They might eventually, but every time investors get reminded about how much companies are betting on what could be a bubble, they freak ou"
Investors experienced sharp volatility in January, swinging between record highs and steep drops. The S&P 500 both hit an all-time high and endured its worst day since October amid political shocks such as a U.S. strike in Venezuela and a controversial Federal Reserve nomination. Presidential threats about tariffs and territorial control intensified market anxiety. Precious metals surged as safe havens, with gold reaching $5,000 per ounce and silver and copper hitting records before retreating. Large technology firms, which comprise roughly a third of the S&P 500, are investing heavily in AI without near-term payoffs, raising concerns about an AI bubble.
Read at www.npr.org
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