Nasdaq Falls 2.6% as AI Fears Ripple Across Markets
Technology stocks retreat as investors question AI expansion costs; bonds attract buyers and oil approaches $114.
Technology stocks fell as investors questioned the expense of expanding artificial intelligence. Bonds drew buyers, while oil neared $114. Global markets also faced a busy period of earnings reports and central-bank decisions. Technology shares weakened even as other parts of the market showed strength.
In Asia, markets retreated, while bonds and currencies drew attention.