Nasdaq Drops 2% as AI Trade Cracks Worsen — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Nasdaq slid 2% on Friday, pressured by an AI-driven sell-off and rising oil prices, according to CNBC's live updates.
- Wall Street is headed for its worst week since June, with the WSJ flagging "new cracks" in the AI trade that have broadened the sell-off beyond chip stocks.
Why it matters: Tech and AI-exposed investors absorb the brunt of a selling wave that WSJ says is fracturing across the sector, with the 2% Friday drop locking in the worst week since June — a reminder that the AI rally's foundation is being tested in real time.
Ask SkimNews
