Lates News

According to data compiled by JPMorgan, day traders betting on artificial intelligence remained active on Tuesday morning before 11 am New York time, buying $560 million worth of individual stocks and ETFs despite a significant drop in stock prices at the opening. This may have helped drive the rebound earlier in the day when the S&P 500 index narrowed its losses, but later reversed course and continued to decline. Melissa Armo, CEO of the trading education platform Stock Swoosh LLC, described the market trend by saying, "We tried to bounce back in the morning, but we failed. This happens when people panic and start selling." Armo said she is preparing for another round of declines on Wednesday and advised selling some stocks if one cannot bear the "pain."