From NDTV
Center-Right Owned by Adani Group (AMG Media)Wall Street Highlights: S&P 500 Sinks 4%, Nasdaq Tumbles As AI Washout Rattles Markets
What's behind this
A sharp sell‑off in US technology stocks linked to concerns about a slowdown in AI‑related data‑centre investment erased Wall Street’s post‑election rally, sending the S&P 500 down 4% and the Nasdaq tumbling. The decline also wiped out about $2.5 trillion in market value, marking the Nasdaq’s worst crash in 18 months. Major Asian markets fell, with the Nikkei 225 entering a bear market and South Korea’s Kospi dropping 9%, and other Asian indices plunging up to 8%.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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center · 1 outlet
Global stock markets witnessed heavy selling as a sharp sell-off in US technology stocks wiped out Wall Street's post-election rally, with concerns over a possible slowdown in artificial intelligence-related data centre investments triggering losses across global markets.
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right · 1 outlet
Wall Street's selloff easily erased a rally on Wednesday, when the sweep of Congress by Democrats sent oil sharply lower on bets the election would speed an end to the Iran war.
— NDTV
RSS excerpt
Wall Street's selloff easily erased a rally on Wednesday, when the sweep of Congress by Democrats sent oil sharply lower on bets the election would speed an end to the Iran war.
