Artificial Intelligence (AI) Hype and a Weak Jobs Report: Here Are the Companies That Can Weather the Sell-Off Storm

Volatility is back.Investors began August falling off a cliff due to a combination of weak economic data, including higher unemployment and the unwinding of the carry trade when the Bank of Japan raised interest rates on the yen. Concerns that the AI boom could be fading also weighed on tech stocks.The S&P 500 lost 6% in the first three sessions, while the Nasdaq Composite gave up 8%. However, both indexes rapidly recovered their losses as better economic data came in, and strong earnings reports from bellwethers like Walmart helped reassure investors. As of Aug. 16, the S&P 500 and Nasdaq are both up slightly for the month now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool