Nasdaq 100 Falls 1.3% as AI-Linked Stocks Slide
The Nasdaq 100 fell 1.3%, or 400 points, to about 29,535 at midday Friday as CoreWeave dropped 9.3% amid lingering AI-infrastructure debt concerns. The S&P 500 slipped 0.3%, while the Dow rose 0.3%.
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CrowdStrike falls as yields and oil pressure software stocks
CrowdStrike shares were down 7.32% at $214.10 as rising Treasury yields and climbing oil prices weighed on software stocks broadly.