Broad Markets Under Pressure

STATE OF THE MARKETS

Broad markets under pressure. US stocks sold off sharply on Thursday as renewed concerns around artificial intelligence disruptions and disappointing earnings from key tech and communications names weighed on risk appetite. The Dow Jones Industrial Average fell 1.3% to close near 49,452, slipping back below the 50,000 mark, while the S&P 500 lost 1.6% and the tech‑heavy Nasdaq dropped about 2%, extending its underperformance as investors rotated out of high‑growth, AI‑sensitive names. The Russell 2000 declined roughly 2%, reflecting broad risk‑off sentiment in smaller, higher‑beta companies. The Dollar Index eased slightly, with DXY slipping to around 96.8 and closing just under the 96.9 area, as the risk‑off move and softer recent trend in the greenback offset safe‑haven bids.

In the commodity markets, crude oil came under pressure alongside equities, with front‑month WTI futures sliding to around 62.6 dollars per barrel by early afternoon, down more than 2 dollars on the day as traders booked profits after a recent push toward the mid‑$60s. Gold found some support from the equity selloff and a slightly softer dollar, with the metal’s defensive appeal helping to steady prices even as real yields and policy uncertainty continued to cap the upside versus recent record levels. Industrial metals, including iron ore and base metals, remained broadly range‑bound, caught between lingering worries about global growth and Chinese demand on one hand and hopes for eventual policy support on the other, keeping trend followers cautious about committing to a fresh directional view.

In the FX space, the shift to a more defensive risk tone weighed on high‑beta and commodity‑linked currencies, with the Aussie and Loonie giving back some of their recent gains alongside the pullback in equities and crude. Safe‑haven interest leaned more toward the dollar and yen, leaving demand for the Swiss franc relatively contained despite the equity rout. Sterling stayed constrained as domestic growth and policy concerns persisted, limiting its ability to capitalize on the modest dollar dip. The Euro traded mixed, remaining largely range‑bound as investors balanced weaker regional data and cautious risk sentiment against the slightly softer dollar into the close.

G8 CURRENCIES SENTIMENTS

** ST refers to Short-Term daily turnover, MT is Medium Term weekly 
and LT refers to Long-Term monthly turnover.

WALL ST. TOP FIVE INFLOWS

** tickers with total inflows but block orders outflows are not included

WALL ST. TOP FIVE OUTFLOW

** tickers with total outflows but block orders inflows are not included

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