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S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
- The S&P 500 fell 0.8% and the Nasdaq dropped 1.5% as technology and artificial-intelligence stocks sold off.
- Lam Research lost 7.7%, Meta Platforms fell 5.8%, and Nvidia declined 2.3% amid earnings reports.
- Brent crude rose 2.6% to $111.66 amid uncertainty about the war with Iran, while the 10-year U.S. Treasury yield fell as investors sought safety.
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The tech-heavy Nasdaq100 index suffered heavy losses in Thursday's stock market trading
·Copenhagen, Denmark
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Daily Record+2 Reposted by 2 other sources
Asian shares mostly rebound from AI-related losses, while oil prices jump
Asian shares are mostly higher after markets rebounded from early losses, while oil prices pushed higher. The price of Brent crude was hovering above $114 per barrel early Friday. On Thursday, the S&P 500 fell 1.2%, logging its worst day…
Worries about the future of artificial intelligence (AI) investments wiped a trillion dollars off the valuations of technology companies on Thursday. The tense economic environment is starting to weigh on even ambitious AI development plans, and the market is starting to react with extreme sensitivity to even relatively minor news.
·Vilnius, Lithuania
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Coverage Details
Total News Sources250
Leaning Left39Leaning Right34Center66Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
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