Nasdaq drops 1.3% as AI worries weigh on sentiment
The Nasdaq (IXIC) fell 1.3%, with AI-related weakness cited as a driver as global markets faced renewed tests and futures later firmed.
Chip stocks led Wall Street lower, although most S&P 500 constituents finished higher. Friday opens with firmer futures, a gold rebound and new tests of consumer confidence. AI stocks dragged the Nasdaq lower. The broader move was not uniform, with most of the S&P 500 rising as stock winners emerged.