Stock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled, AI disruption fears grow

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• Payrolls surged above all expectations, the downward revisions were minimal, and wages and hours were up as well. The broad-based strength in the Jan jobs report vindicates our view that the Fed won't cut under Powell

  80% confidence

• World oil demand would rise by 850,000 barrels per day in 2026, 80,000 bpd lower than the agency's January forecast

  80% confidence

• The market will spend 2026 in a deep oversupply glut of 3.73 million barrels per day of excess oil

  80% confidence

• If the unemployment rate is stable or down even further by June, Warsh might be stuck on hold for the rest of the year

  80% confidence

• The global oil market is tightening instead of loosening, especially as the US ratchets up pressure on Russia and Iran

  80% confidence

• Electricity prices rose by 6.9% year over year through December 2025, while PCE inflation rose 2.9% over the same period

  80% confidence

• Oil demand would rise by 1.38 million barrels per day in 2026

  80% confidence

• The system is ill-equipped to address the dramatic increase in demand created by AI data centers

  80% confidence

• About 1% of all US counties account for about 70% of data center capacity

  80% confidence

• We see strong, broad-based demand for our technology solutions and remain focused on capturing the significant opportunities we see ahead

  80% confidence

• Electricity inflation has more than doubled headline inflation as the AI infrastructure and data center build-out have sent power demand soaring through the US

  80% confidence

• The largest jumps in electricity inflation are likely to be seen in tighter power markets in the Midwest, California, and Texas

  80% confidence

• The regulatory framework was not designed for single-sector load shocks, so policymakers are attempting to adjust in real time to the scale and speed at which the load forecasts are changing

  80% confidence

Cited in these Via News reports

• Nvidia Loses 12% as Global Markets Weigh $8 Trillion AI Infrastructure Bet →
• The AI Reckoning Goes Global: Markets Separate AI Builders From AI Earners →
• Wall Street's AI Profit Mandate Is Reshaping Corporate Strategy Worldwide →