Wall Street Falls as Nasdaq Drops More Than 2% on AI Cost Worries
U.S. stocks fell Thursday, with the Nasdaq recording its steepest daily decline since early June. High-profile earnings reports renewed concerns about AI spending.
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07:01:17 PM UTC
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By Chuck MikolajczakUS Treasury yields tumbled on Thursday as equities sold off after concerns about the sustainability of the AI outlook reignited, boosting the safe-haven appeal of government debt.The Nasdaq slumped more than 2% as Meta NASDAQ:META shares lost nearly 8% following the company's qu…
By Stephen Culp and Tharuniyaa LakshmiUS stocks tumbled on Thursday, with the Nasdaq posting its steepest daily drop since early June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race.All three major US stock indexes were lower, with the tech-laden Nasdaq, w…