Stocks Hit by AI-Disruption Fears as IBM Tumbles | Closing Bell

The podcast analyzes a risk-off day in the market influenced by a Citrini Research report on potential AI risks, noting a divergence between winners and losers and its impact on cyclical rotation within tech. The Russell 2000 and S&P 400 mid-caps declined more than the broader market, though the sell-off wasn't massive, with about 70% of S&P stocks down. Eli Lilly gained due to positive drug news, while Arcelex rallied after being acquired by Gilead Sciences. Domino's Pizza saw gains from budget-friendly deals. Conversely, DoorDash and Gap experienced sell-offs linked to the AI report and tariff concerns, respectively, and IBM shares plunged following news about Anthropic's AI code tool. Additionally, the hosts discuss a shift down in the yield curve and the impact of a snowstorm on economic activity and travel in the Northeast.