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All across Wall Street, day by day, the headlong rush into the most popular trades, from tech stocks to gold to cryptocurrencies, has given way to a sudden retreat from risk.
Wall Street's "Software-mageddon" has been snowballing.
US stock futures hit the buffers on Wednesday as AI disruption fears continued to drive a shift out of high-flying technology names, while gold and silver pushed higher again.
US stock futures rose on Tuesday following a broad rally to kick off the new month on Wall Street.
US stock futures tumbled early on Monday after a dramatic sell-off in gold and silver unnerved investors, with technology stocks leading declines as worries around the AI trade resurfaced and uncertainty around the Federal Reserve deepened.
US stock futures pulled back on Friday as investors awaited President Trump's pick to lead the Federal Reserve and after Apple results closed out a mixed bag of Big Tech reports for the week.