The tech-heavy Nasdaq composite shed just under three per cent on Friday, while Canada's main index, the S&P/TSX composite index, finished the day down 1.7 per cent. Worries are rising about whether the hundreds of billions of dollars invested in AI will produce enough profit and productivity to make the investment worth it.
North American stocks sink, Wall Street suffers worst day since June amid tech sell-off
CB
CBC - WorldBy Stan Choe
EXECUTIVE SUMMARY
The tech-heavy Nasdaq composite shed just under three per cent on Friday, while Canada's main index, the S&P/TSX composite index, finished the day down 1.7 per cent. Worries are rising about whether the hundreds of billions of dollars invested in AI will produce enough profit and productivity to make the investment worth it.
Key Takeaways
- North American stocks sink, Wall Street suffers worst day since June amid tech sell-off.
- The tech-heavy Nasdaq composite shed just under three per cent on Friday, while Canada's main index, the S&P/TSX composite index, finished the day down 1.7 per cent.
- Worries are rising about whether the hundreds of billions of dollars invested in AI will produce enough profit and productivity to make the investment worth it.
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Published originally on CBC - World
