US stocks retreated as AI-disruption concerns were stoked – Newsquawk Asia-Pac Market Open

US stocks declined as tech-related concerns were stoked by further AI disruption fears, as a lot of attention was on an update from AI penny stock Algorhythm Holdings (RIME) that its SemiCab platform is enabling customers to scale freight volumes by 300-400%, without an increase in headcount. This largely weighed on the logistics/industrials sector, but other sectors also exposed to AI disruption (software, gaming, financials) also slumped, while the sectors that are least exposed to AI disruption (consumer staples) outperformed. The risk-off trade sparked upside in T-Notes, with the curve bull flattening led by the long-end, and peaks were seen…