Wall Street Sinks as Nasdaq Drops 2%+ on AI Costs — SkimNews
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- Nasdaq fell more than 2% as Wall Street sank under AI-cost worries.
- Treasurys drew a flight of capital that pushed yields lower as the technology selloff deepened.
Why it matters: With the Nasdaq down more than 2%, investors bore the immediate equity loss. The simultaneous flight into Treasurys and decline in yields show the AI-cost-driven selloff coincided with a concrete shift toward government debt rather than weakness confined to Meta.
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