Stocks Volatility as Wall Street Fears AI – US Market Wrap

Traders seeking to assess the future of artificial intelligence whipsawed equities in another tumultuous session on Wall Street. Gold and silver tumbling.
Following an almost 1% drop, the S&P 500 rebounded, but trimmed its gains before the close. The US market benchmark managed to maintain its above-average price for the previous 100 days. While a chipmaker index finished mostly unchanged, a closely monitored exchange-traded fund monitoring a software firm fell 2.2%.
The S&P 500 increased by 0.1%. The yield on 10-year Treasuries remained stable at 4.06%. Bitcoin fell to almost $67,500. The dollar fluctuated. The pound fell as statistics showed UK unemployment at a five-year high, prompting further bets on rate cuts.
Oil prices fell on reports that the United States and Iran had made headway in nuclear talks. Gold fell below $4,900 per ounce as much of Asia, the largest consumer area, closed for the Lunar New Year. Silver has also retreated.