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via marketwatch.comMarkets

Tech stocks log worst day since 2020 as carnage comes to the AI trade

FROM THE WIRE · MARKETWATCH.COM

S&P 500 lost an estimated $2.9 trillion in market capitalization, the largest one-day loss of market value on record

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA record one-day loss of market value weighs on the entire US equity market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The S&P 500 lost an estimated $2.9 trillion in market capitalization.
  2. 02It is the largest one-day loss of market value on record.
  3. 03The sell-off hits the tech sector tied to the AI trade in particular.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
S&P 500INDEX:SP500Index7,355.84Market closedtoday -4.33%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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