S&P 500 Ends Longest Streak of Calm Since 2020 as AI Trade Sinks

The US stock market’s longest streak of tranquility since before the Covid-19 pandemic is over.

The S&P 500 index fell on Wednesday, ending a 14-day winning streak that was the longest since 2020.

The index fell 0.7%, its biggest drop since June 2021, as investors reacted to a sell-off in artificial intelligence stocks.

The sell-off was triggered by a downgrade of shares of Nvidia, a leading AI chipmaker, by analysts at Bank of America.

The impact on seafarers is minimal, as the stock market performance does not directly affect their working conditions or pay.