What's driving stock market turbulence? Experts weigh in
ABC News
Markets extended gains on Monday, after suffering major losses days earlier.
The Dow Jones Industrial Average hit a fresh record high on Monday, after topping 50,000 for the first time last week. The S&P 500 and teach-heavy Nasdaq also climbed, continuing to reverse major losses suffered days earlier.
The performance marked the latest move in topsy-turvy markets -- and that rollercoaster may very well continue, some analysts told ABC News.
Analysts attributed the volatility to a flurry of developments in artificial intelligence (AI), and a perception of looming geopolitical uncertainty. Mixed signals in economic data have also left markets uneven, some analysts added. Such factors could keep stock prices on edge, they said, before noting the difficulty of predicting short-term stock performance.
"AI is driving extreme reactions," Ivan Feinseth, a market analyst at Tigress Financial, told ABC News. "That volatility is going to increase."
Shares of some tech companies worldwide plummeted last week after Anthropic unveiled an AI tool viewed by some investors as a potential replacement for widely-used software products.
A strong chemical smell has forced a temporary halt to flights at four major airports near Washington, D.C. The FAA says air traffic controllers cannot manage traffic safely during the incident
U.S. job openings rose to nearly 7 million in January, better than expected at a time when the American labor market has looked sluggish
Advocates say alligator farming has turned the demand for boots and bags into a boost for a species often seen as scary, bothersome or good only for their leathery skins
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate
China has sharply reduced its warplane flights near Taiwan and analysts aren't sure why
South African soldiers deployed in the country’s high-crime areas have dismantled illegal mining operations Johannesburg
The Panama Canal's administrator says the war in the Middle East and higher fuel prices make the canal more appealing for shippers
Tom Dundon has sold a portion of the NHL's Carolina Hurricanes to three new minority owners
An artisanal mine collapse in the Central African Republic has killed eight miners and injures five others
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran
The biggest new restaurant trend is small
Some commercial ships near or in the Strait of Hormuz and in the Persian Gulf have declared themselves as China-linked since the Iran war began, marine traffic data show, as their operators try to reduce risks of being targeted in attacks
China is signaling it will stay focused on technology and economic growth, even as U.S. tensions with Iran rise