Stocks slid on Friday, led by a sharp decline in the tech sector, as investors continue a “rotation trade” out of AI stocks.
Futures mostly retreated after a negative Friday session on Wall Street, where tech shares were sold off across the board. Chipmakers, including AI major Nvidia, also logged deep losses.
Major stock indexes fell Friday as technology shares remained under pressure on AI bubble fears. The tech-heavy Nasdaq sank, and the S&P 500 and Dow Jones Industrial Average pulled back from records.
Stocks were struggling for direction on Friday, as investors tried to make sense of another set of so-so Big Tech earnings.
A.M. Eastern Time, the S&P 500 fell 1.3%, the Nasdaq Composite shed 1.9%, and the Dow Jones Industrial Average lost 0.6%.
The S&P 500 and the Nasdaq closed down more than 1% on Friday with investors leaving technology for other sectors as Broadcom ...
More drops for superstar AI stocks knocked Wall Street off its record heights. The S&P 500 fell 1.1% Friday from its all-time ...
US stocks turned sharply lower on Friday, with the Nasdaq leading weekly losses amid a broader rotation from tech to value ...
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Trading on Wall Street is mixed in the premarket as worries persisted about a potential bubble in artificial-intelligence ...
Artificial-intelligence stocks are falling again, but smaller U.S. stocks and other areas of the market that used to get left ...