volatility

But analysts say trade volatility will persist as the U.S. tackles its relationship with its two biggest trading partners: Canada and Mexico.

That means greater volatility and wider credit spreads.

Alphabet’s emergence also is shaking up the megacap tech leader board at a time when broader market volatility is trending higher thanks in part to questions over the sustainability of the current AI spending race.

Implied volatility—a measure of expected price swings in the options market—for sterling rose markedly in recent days, particularly against the euro.

“Google winning would actually hurt several stocks we cover—so prepare for volatility,” Ben Reitzes of Melius Research wrote in a note to clients on Monday.