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Benzinga
Benzinga
Business
Piero Cingari

Inflation Broke Lower, The AI Trade Broke with It: The Week on Wall Street

Inflation IBM Semiconductor Memory
New,York,Ny,Usa-march,21,,2024,The,New,York,Stock

The best inflation report of 2026 landed on Wall Street this week, and the market sold anyway, abandoning the semiconductor trade that has carried the entire rally for three years.

By Friday afternoon, the technology sector had slumped 5.2% for the week, marking one of the worst weeks of the year.

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