GARY is trading 2.3% down today as a sharp selloff in information technology and semiconductor stocks drags growth and AI-focused names lower.
- Investors are rotating out of growth into cyclical sectors ahead of the Federal Reserve’s two-day meeting.
- Global tech sentiment and the Nasdaq are being pressured by concerns over high AI infrastructure spending, Chinese competition in the chip sector, and recent tariff escalations.
- The decline reflects broader market anxiety regarding high-valuation growth stocks as macroeconomic and geopolitical headwinds mount.