Futures and options traders work on the NYSE American (AMEX) floor of the New York Stock Exchange on February 11, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
Artificial intelligence is having its moment. And in the market, that usually means someone is having a tough week.
The latest victims of this technology are real estate, trucking and logistics stocks, along with financial stocks and software-as-a-service stocks, which are plummeting on concerns about AI.
Office towers could soon be empty as AI replaces workers, according to Elon Musk, who commented on a podcast last week. This was echoed in an essay by Matt Schumer, co-founder and CEO of OtherSide AI, who argued that AI could eliminate entry-level, white-collar jobs. If fewer people go to work, fewer leases will be signed.
In freight transport, the pressure has become more tangible. AI companies Algorithm Holdings has released a tool that it claims will allow operators to expand cargo volumes by 300% to 400% without hiring more employees. This outlook was enough to send trucking and logistics stocks plummeting.
But AI isn’t having a negative impact on everyone’s bottom line. shares of siemens Shares rose in European trading on Thursday after the engineering giant raised its fiscal year 2026 earnings outlook.
“We think the impact on the real world, whether it’s industrial manufacturing, product design or exploring AI-enabled operations, will be felt sooner than expected,” CEO Roland Busch told CNBC’s “European Early Edition.”
Aside from AI, U.S. listed stocks loreal Shares fell 7.3% overnight after the French cosmetics company missed expectations for full-year sales.
Meanwhile, the European Union agreed on Thursday to a plan to restructure the region’s economy to make it more competitive as global trade relations become fractured under the Trump administration.
It’s not just economics. The Munich Security Conference opened on Friday, with its president, Wolfgang Issinger, telling CNBC that the international order has been shaken, making the EU review more than just a question of money.
—CNBC’s Michelle Fox, Sarah Ming, Holly Ellyatt and Hugh Leask contributed to this report.
What you need to know today
The United States signed a trade agreement with Taiwan, reducing tariffs on Taiwanese exports to 15%. In return, Taiwan would eliminate or reduce 99% of tariff barriers on U.S. products and provide “preferential market access” to U.S. industrial and agricultural exports.
Xiaomi’s electric SUV “YU7” topped China’s sales list in January, with sales doubling to 37,869 units. Tesla’s According to data from the China Passenger Car Association, there were 16,845 Model Y vehicles. The Model Y, which was the best-selling model in December, dropped to 20th place in January.
The proxy war between the US and China over the Panama Canal ports is likely to intensify. Hong Kong’s CK Hutchison Holdings on Thursday threatened legal action against Danish shipping giant AP Moller-Maersk after Panamanian authorities appointed the group to temporarily take over operations of two strategic ports at either end of the Panama Canal.
Major US indexes fell on Thursday, S&P500 down 1.57%; Dow Jones Industrial Average lost 1.34%; Nasdaq Composite The stock fell 2.03%. Apple shares have fallen more than 5%, and are down nearly 4% since the beginning of the year. Asia-Pacific markets fell on Friday, with Japanese and Indian IT stocks also falling.
(PRO) How will the US CPI move the market? According to the paper, the S&P 500 index could fall by as much as 2.5% or rise by 1.7%, depending on the core month-on-month numbers. JP Morgan Chase.
