Market News / Story
IXIC — Nasdaq Drops 1.3% as AI Worries Unsettle Global Markets. Has It Gone Too Far?
·
Chip stocks led Wall Street lower, but most S&P 500 constituents rose. Friday brings firmer futures, a gold rebound and fresh tests of consumer confidence. AI stocks drag Nasdaq The Nasdaq Composite fell 1.3% Thursday, losing 345 points to close at 27,193.34, two sessions after reaching a record . The S&P 500 slipped 0.5% to 7,765.36, while the Dow gained 0.1%. Despite the setback, the Nasdaq remains approximately 17% higher this year. The index decline concealed a…