US EditionWall Street drops to one of its worst days since April on worries about AI stocks and interest rates
AI stocks like Nvidia and Palantir fell over 6%, while the S&P 500 dropped 1.7% amid reduced expectations for a December Federal Reserve rate cut, analysts said.
- On Thursday, the S&P 500 sank 1.5%, marking the market’s worst day in a month.
- Investors worried AI superstar stock prices had shot too high as expectations for a December Federal Reserve rate cut fell to 47.6% from nearly 70%, CME Group data show.
- Nvidia led losses after falling 4.7%, while Super Micro Computer dropped 7.6%, Palantir Technologies 6.6%, and Broadcom slid 4.7%.
- The slide pulled the S&P 500 farther from its all-time high set late last month, and investors and analysts drew comparisons to the 2000 dot‑com bubble.
- Doug Beath warned the 'looming data deluge' may spur additional volatility in the coming weeks as the Fed’s job became more difficult recently due to the U.S. government six-week shutdown.
142 Articles
142 Articles
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