Nasdaq Falls 1.9% as AI-Related Selloff Spreads
Technology shares led Wall Street lower after hot inflation data, with losses spreading across Asia. Treasury yields and the dollar retreated, while gold rebounded.
Technology stocks drove Wall Street lower after hotter inflation data, with declines extending across Asia on Thursday. Gold recovered as Treasury yields and the dollar pulled back. The section also highlights AI stocks leading Wall Street's decline, individual stocks making moves, Asian markets falling as gold attracted buyers, and gold, Bitcoin and oil.