Stock Market Today: Tech Selloff Deepens as Flight Into Treasurys Drives Yields Lower — Live Updates - WSJ — SkimNews
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- Nasdaq tumbled 2% as concerns about AI spending and a jump in oil prices deepened the tech selloff.
- U.S. equity indexes fell as Meta’s results took shine off the AI trade, while a flight into Treasurys drove yields lower.
Why it matters: For tech holders, the Nasdaq’s 2% drop turns concern over AI spending into a measurable setback, while Meta’s results show the AI trade losing shine. The flight into Treasurys pulled yields lower, and crude jumped as Iran warned, widening the session beyond equities.
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