Nasdaq's Worst Day Since June: AI Spending Fears Spark Sell-Off
📡 CNBC Top News · 1 min read ·
Part of composite article AI Spending Panic Wipes $1 Trillion Off Nasdaq as Investors Flee to Bonds View full article →
U.S. stocks fell sharply on Thursday, with the Nasdaq dropping more than 2% in its worst session since June. Investors worried about heavy spending on artificial intelligence and rising oil prices, triggering a broad sell-off.
Meta Platforms and Tesla led the decline among mega-cap tech names, dragging major indexes lower.