A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2.9 per cent, while the Dow Jones Industrial Average dropped 572 points, or 1.1 per cent. The US stock market remains only 3.1 per cent below its...
Wall Street drops to its worst day since June after tech sell-off deepens
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SCMP - Business Feed 5By Associated Press
EXECUTIVE SUMMARY
A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2.9 per cent, while the Dow Jones Industrial Average dropped 572 points, or 1.1 per cent. The US stock market remains only 3.1 per cent below its...
Key Takeaways
- Wall Street drops to its worst day since June after tech sell-off deepens.
- A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high.
- The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week.
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Published originally on SCMP - Business Feed 5
