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via finance.yahoo.comMarkets

Pre-markets fall on AI spending concerns, Nasdaq down 2.5%

FROM THE WIRE · FINANCE.YAHOO.COM

Pre-markets are on the downslope again this morning, led by the Nasdaq shedding another -2.5% (-750 points) ahead of the open. Q3 earnings season has shown some cracks in the armor for the AI trade, particularly in the forward outlook. The Dow is -65 points at this hour, the S&P…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe Nasdaq drop and oil rising on US-Iran tensions weigh on market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq is down about 2.5% ahead of the open after cracks in the AI trade.
  2. 02WTI rises to $104 per barrel, a six-week high, while Brent is at $112.
  3. 03The 10-year Treasury yield eases to about 4.93%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NASDAQ CompositeINDEX:IXICIndex25,492.65-0.09%today -2.64%Negative S&P 500INDEX:SP500Index7,597.070.00%today -1.60%Negative Crude Oil WTICOMMODITY:WTICommodity104.19 USD+0.07%today +2.15%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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