Morning report: ASX 200 rises, S&P 500 falls on fears of AI disruption, tech stocks extend sell-off

ASX 200 futures are up 21 points (+0.23%) at 8:30am AEDT.

In short:

• Major US benchmarks fall and ended almost at the worst level

• Risk aversion theme Driven by a Citrini report and Claude updates (now disruptive cybersecurity and consulting stocks)

• Gold on top up another 2.4% overnight, now up over 7% in the last four sessions and back above $5,200/oz

• defense Sectors such as staples, healthcare and utilities ended the session higher despite elevated metrics (e.g. Walmart gained 2.2% but trades at 45x).

Let’s dive in.

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Summary of the overnight stay

Tuesday 24 February 8:27am (AEST)

S&P 500	6,838
Dow Jones	48,804
NASDAQ Comp	22,627
Russell 2000	2,620
Canada	33,777
China	4,082
Germany	24,992
Hong Kong	27,082
India	83,295
Japan	56,826
United Kingdom	10,685

Gold	5,230.35
copper	5.7978
WTI oil	66.44
AUD/USD	0.7059
Bitcoin (USD)	64,626
Ethereum (AUD)	2,643
US T-Bond with a term of 10 years	4,029
VIX	21.51