Nasdaq falls 2.9% Friday; AI and chip stocks lost about $5 trillion
FROM THE WIRE · FINANCE.YAHOO.COM
October has been a particularly challenging month for the broader technology sector and the AI trade. The tech-heavy Nasdaq Composite fell about 2.9% on Friday, taking its losses over the past five trading sessions to approximately 2.3% and its monthly decline to around 5.8%.…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe tech and AI selloff weighs on the broader US equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nasdaq Composite fell about 2.9% Friday and about 5.8% for the month.
- 02The S&P 500 declined about 1.8% Friday.
- 03AI and chip stocks lost about $5 trillion in market cap since Oct. 6.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA Corporation206.94 USD-0.03%today +1.12%Negative Alphabet Inc.283.13 USD-0.31%today +1.17%Negative Intel Corp.62.66 USD-1.20%today -4.72%Negative NASDAQ Composite25,600.56-0.21%today +0.64%Negative S&P 5007,621.64-0.12%today +0.55%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets