US stock market indexes tumbled on Thursday and the Nasdaq posted its steepest daily drop since June as a batch of high-profile earnings reports ignited fresh fears about the AI spending race. S&P 500 fell 1.2 per cent for its worst day since July, while the Nasdaq composite slid 2.6 per cent. Dow Jones Industrial Average added 11 points, or less than 0.1 per cent.
On Thursday, S&P 500 fell 93.74 points, or 1.2 per cent, to 7,663.43, Dow Jones Industrial Average rose 11.89 points, or less than 0.1 per cent, to 52,867.98, Nasdaq composite fell 694 points, or 2.6 per cent, to 26,008.86, and Russell 2000 index of smaller companies rose 3.01 points, or 0.1 per cent, to 2,784.03.
