U.S. Stocks Dive on AI Spending Fears

First reported by The Information at · Updated · 1 source

U.S. stocks dropped sharply Friday as disappointing quarterly results from Amazon and Intel intensified the tech selloff of the past two days. The Nasdaq Composite dropped almost 3%, while the S&P 500 dropped almost 2% and the Dow Jones Industrial Average dropped 1%.

Reported so far by one publisher.

Summary from The Information.

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The Information U.S. Stocks Dive on AI Spending Fears · Tiffany Li

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Topics AmazonIntel