Black Monday Fears Grip Wall Street as Traders Lose $52 Million on AI Stock Bets

CNN’s Fear & Greed Index sank to 18 on Friday, deep in “Extreme Fear,” after the Nasdaq fell 4.5% for the week. The reading lands one day before Black Monday turns 39, and crash calls are spreading online. Traders lost nearly $52 million on leveraged AI and chip stock bets in 10 minutes on Saturday, with Wall Street shut. Why Are AI Stocks Dragging Wall Street Into Extreme Fear? The gauge scores investor mood from 0 to 100 using seven market signals, each measured against its own recent history, and all seven count equally. The seven are: Market momentum: whether the S&P 500 is trading above or below its average over the past 125 trading days.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.