TechnologyPhoto: NDTVTech Stocks Sell-Off Pushes Wall Street to Worst Day Since June
Tech stocks plunged sharply on Friday amid fears that Wall Street's enthusiasm for artificial intelligence technology had inflated prices too much. The S&P 500 fell 2.2%, heading for its worst day since June and a third consecutive losing week. The Nasdaq dropped 3.4%, led by Intel's 30.9% plunge after a weak profit forecast. The Dow fell 634 points (1.2%). This decline comes days before the US midterm elections, raising concerns about AI's political impact.
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