Wall Street’s anything-but-tech trade shakes up US stock market
Energy groups, small caps and materials companies have displaced AI-linked shares as best performers
Energy groups, small caps and materials companies have displaced AI-linked shares as best performers

Soaring S&P propelled by Big Tech equities prompts warnings about ‘fragility’ of rally

Investor concerns over lofty valuations for artificial intelligence companies hits sentiment

Nasdaq drops as recent high-flying companies pull market lower

Stocks from insurance to property and wealth management punished after new tech launches

Strong earnings and AI spending plans help investors shrug off fallout from Middle East conflict

Private capital groups also suffer steep losses