Wall Street Favorites in Worst Slump Since 2010 — SkimNews
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- Wall Street’s favorite stocks were in their worst slump since 2010, according to the chart-of-the-day account.
- Nasdaq suffered its worst day since June as investors dumped technology shares and rocked the stock market, while tech earnings worsened already-collapsing AI enthusiasm.
Why it matters: The immediate losers are tech-share holders, and the damage is not confined to one session: Wall Street favorites are in their worst slump since 2010, while the Nasdaq has suffered its worst day since June. Tech earnings have compounded the retreat in AI enthusiasm, adding corporate results to the selloff.
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