Nasdaq Tumbles 2%, Heads for Worst Week Since June — SkimNews
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- Nasdaq dropped 2% and is on pace for its worst weekly performance since June as investors rotate out of AI trades
- S&P 500 and Nasdaq are set for steep weekly losses as AI jitters rattle investors, with US equity indexes continuing to decline on extended rotation out of technology
Why it matters: Concentrated AI/tech positions are facing their worst weekly drop since June, with the Nasdaq off 2% — the selloff shows market conviction in the AI trade is unwinding fast and capital is rotating into other sectors.
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