Nasdaq Drops 2%+, Its Worst Day Since June — SkimNews
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- Nasdaq fell more than 2% and more than 750 points in its worst trading day since June, with AI spending concerns and higher oil prices cited as drivers of the sell-off.
- AI stocks sank and undercut markets worldwide, while oil climbed and investors questioned whether massive AI spending would pay off.
Why it matters: The 2%-plus decline and 750-plus-point loss quantify the damage to Nasdaq holders, while other coverage explicitly placed sinking AI stocks within a worldwide market decline. Investors in AI-related companies received a direct market verdict on the central issue: whether massive spending would pay off.
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