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S&P 500 falls 4% from peak as AI selloff raises recession fears

S&P 500 falls 4% from peak as AI selloff raises recession fears
AI summary

The S&P 500 has fallen 4% from its peak as a selloff in AI-related stocks fuels recession fears. The slump could worsen a global economic slowdown, exposing risks from heavy market concentration and reliance on growth stocks. Traders would watch this as a risk-off signal that could pressure crypto alongside equities.

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