
U.S. stocks fell sharply Monday as investors weighed growing fears about AI-driven economic disruption and President Donald Trump’s decision to raise global tariffs to 15%.
The Dow dropped 1.5%, the S&P 500 fell 0.87%, and the Nasdaq 100 lost 1%, with IBM plunging 13% after new AI developments from Anthropic intensified concerns about pressure on software companies.
China’s central bank kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% for the tenth straight month, as policymakers balance supporting slowing growth with maintaining currency stability.
China’s economy expanded 4.5% year-on-year in Q4, its weakest pace since late 2022, amid weak consumer spending, a prolonged property downturn, and persistent deflationary pressures. Retail sales growth fell to a three year low, and the GDP deflator has remained negative for 11 consecutive quarters.
In the commodity market, gold fell from its fresh monthly high near $5,250, ending a four day rally as the US Dollar strengthened following the Fed’s hawkish tone. FOMC minutes and comments from officials signaled caution on rate cuts, pressuring gold.
However, markets still expect up to three rate cuts this year, while trade tensions and Middle East geopolitical risks may limit gold’s downside. Traders are now awaiting US economic data and Fed speeches for further direction.
Investors are also watching consumer confidence data, key tech results later this week from Nvidia and Salesforce, which could shape the market’s next move, in addition to an AI event from Anthropic aimed to demonstrate Claude capabilities,
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.