Nasdaq falls 5.5%, worst day in 18 months on AI regulation fears
FROM THE WIRE · FINANCE.YAHOO.COM
The Nasdaq tumbled into 'correction territory' on Thursday, with chip stocks leading the slump; memory maker SanDisk fell by 19%, while hard drive maker Western Digital sustained a 16.5% drop.Photograph: John Angelillo/UPI/Shutterstock The Nasdaq share index had its worst day in…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA drop of this size in the tech and chip-heavy index is market-moving for Nasdaq and the semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nasdaq composite entered correction territory, more than 10% below its recent record.
- 02More than 2 trillion dollars in value was wiped out by the close.
- 03SanDisk fell 19% while Western Digital dropped 16.5%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Sandisk Corporation806.43 USDMarket closedtoday -22.26%Negative Western Digital Corporation267.63 USDMarket closedtoday -17.35%Negative NASDAQ Composite24,315.00Market closedtoday -5.52%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets