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The Economic Times

Business

US stocks: Nasdaq slides toward one-month low as AI selloff deepens, inflation pressures build

Nasdaq Artificial Intelligence Inflation Stock Market United States S&P 500 Interest Rates CoreWeave US Federal Reserve

The Nasdaq neared a one-month low on Thursday as a deepening selloff in AI-linked shares reflected mounting concerns that higher interest rates could constrain investment in the capital-intensive technology. Fresh evidence of broadening US inflation added to the pressure, Reuters reported.

Meanwhile, the Dow Jones Industrial Average rose 163.58 points, or 0.32%, to 51,785.06. The S&P 500 fell 32.20 points, or 0.42%, to 7,686.74, while the Nasdaq Composite lost 283.07 points, or 1.06%, to 26,409.80.

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