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macroJun 10, 2026, 7:19 AM

S&P 500 and Nasdaq Edge Lower as Tech Swings on AI Sentiment

Deutsche Bank's Jim Reid notes a volatile session for US equities, with a sharp intraday tech sell-off largely reversing by the close. The S&P 500 and Nasdaq finished modestly lower, while semiconductors also saw choppy action.

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Deutsche Bank strategist Jim Reid highlighted a highly volatile session for US equities, driven by tech stocks. A sharp intraday sell-off in technology shares was nearly completely reversed by the market close.

The S&P 500 and Nasdaq Composite both ended the day modestly lower. Semiconductor stocks were among the sectors experiencing choppy trading, reflecting shifting sentiment around AI exuberance.

The session underscores ongoing uncertainty in the tech space as investors reassess valuations amid cooling AI enthusiasm.

Source: FXStreet Forex News