Wall Street Rattled: Nasdaq Drops 2.6% as Meta's AI Spending Frightens Investors
📡 Barrons · 1 min read ·
Part of composite article AI Spending Panic Wipes $1 Trillion Off Nasdaq as Investors Flee to Bonds View full article →
Wall Street reacted sharply as Meta's aggressive push to fund artificial intelligence (AI) projects unsettled investors. The tech-heavy Nasdaq fell 2.6%, reflecting broad concern over the company's spending plans.
At the same time, Treasury yields posted their biggest drop since 2023. The move showed investors rushing toward safer assets as uncertainty spread through the market.