Morning Report 13 Feb 26: AI selloff spreads on Wall Street

Tech and software stocks led Wall Street sharply lower, with the Dow Jones falling 500 points and the S&P 500 shedding 1% as fears of AI disruption spread. In Europe, shares retreated from record highs, weighed down by weakness in financials. In commodities, oil slid 3% on updated supply forecasts, while gold eased after strong US jobs data dampened rate-cut expectations. Back home, Aussie shares are expected to tumble at the open. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.