Nasdaq dives more than 750 points as investors worry massive AI spending won't pay off - CBS News — SkimNews
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- Nasdaq dropped more than 750 points amid investor worries that massive AI spending wouldn't pay off, per CBS News.
- Tech stocks saw their steepest decline in months with a flight into Treasurys driving yields lower, per the WSJ's October 22, 2026 market report.
Why it matters: The Nasdaq's 750-point drop marks one of its worst sessions in months, signaling a sharp investor reassessment of AI capex returns. The simultaneous rotation into Treasurys and falling yields indicates a classic risk-off move, with bond markets absorbing the capital fleeing equities.
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