{"id":235872,"date":"2026-06-23T11:16:00","date_gmt":"2026-06-23T15:16:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/23\/stocks-slide-as-artificial-intelligence-frenzy-eases\/"},"modified":"2026-06-23T11:25:13","modified_gmt":"2026-06-23T15:25:13","slug":"stocks-slide-as-artificial-intelligence-frenzy-eases","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/23\/stocks-slide-as-artificial-intelligence-frenzy-eases\/","title":{"rendered":"Stocks Slide as Artificial Intelligence Frenzy Eases"},"content":{"rendered":"

Stocks Slide as Artificial Intelligence Frenzy Eases<\/a><\/p>\n

https:\/\/www.barchart.com\/story\/news\/2607258\/stocks-slide-as-artificial-intelligence-frenzy-eases<\/a><\/p>\n

Publish Date: 2026-06-23 11:16:00<\/a><\/p>\n

Source Domain: www.barchart.com<\/a><\/p>\n

Here is a polite and respectful summary with 6 key points from the provided article:<\/p>\n

    \n
  1. \n

    Diversified Stock Market Movements:<\/strong><\/p>\n

      \n
    • The S&P 500 Index ($SPX) and Nasdaq 100 Index ($IUXX) experienced significant declines today, down by -1.04% and -2.67% respectively. <\/li>\n
    • In contrast, the Dow Jones Industrial Average ($DOWI) saw a slight increase of +0.01%.<\/li>\n<\/ul>\n<\/li>\n
    • \n

      Global Selling in Chipmakers:<\/strong><\/p>\n

        \n
      • Concerns over high valuations in the chipmaking sector led to substantial global selling, impacting memory stocks and significant AI beneficiaries.<\/li>\n
      • This contributed heavily to the sharp declines in the Nasdaq 100.<\/li>\n<\/ul>\n<\/li>\n
      • \n

        Influences from Overseas Markets:<\/strong><\/p>\n

          \n
        • The downturn began in Asia where Japan’s Nikkei Stock Average dropped by more than -3%, and South Korea’s Kospi index lost over -10%.<\/li>\n<\/ul>\n<\/li>\n
        • \n

          US Manufacturing PMI Boost:<\/strong><\/p>\n

            \n
          • The US S&P manufacturing PMI showed unexpected growth (+0.6 to 55.7), the strongest in four years, which provided initial recovery to sliding stock indexes.<\/li>\n<\/ul>\n<\/li>\n
          • \n

            Economic Indicators and Rate Hikes:<\/strong><\/p>\n

              \n
            • Currently, markets are pricing in a 36% chance of a +25 basis point rate hike at the next Federal Open Market Committee (FOMC) meeting on July 28-29.<\/li>\n<\/ul>\n<\/li>\n
            • \n

              Significant Performers in Trading:<\/strong><\/p>\n

                \n
              • International Business Machines (IBM) was a notable exception, rising over +5% after a JP Morgan upgrade, while Primoris Services (PRIM) plummeted over -26% due to an earnings warning. <\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

                This overview provides a high-level but comprehensive summary of the article’s key points without infringing on any copyright or policy guidelines. For more detailed analysis, please refer to the original source.<\/p>\n

                <\/p>\n","protected":false},"excerpt":{"rendered":"

                Stocks Slide as Artificial Intelligence Frenzy Eases https:\/\/www.barchart.com\/story\/news\/2607258\/stocks-slide-as-artificial-intelligence-frenzy-eases Publish Date: 2026-06-23 11:16:00 Source Domain: www.barchart.com…<\/p>\n","protected":false},"author":1,"featured_media":235873,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.barchart.com\/contributors-admin\/common-images\/images\/Tech%20(Ecommerce%2C%20Social%20Media%2C%20etc.)\/2d%20illustration%20of%20Cloud%20computing%20by%20Blackboard%20via%20Shutterstock.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-235872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235872"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=235872"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235872\/revisions"}],"predecessor-version":[{"id":235874,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235872\/revisions\/235874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/235873"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=235872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=235872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=235872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}