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The Economic Times
The Economic Times
Business

US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff

US stocks tumbled on Thursday as a fresh wave of concerns over the scale of AI spending hit technology shares, sending the Nasdaq to its steepest one day decline since June, Reuters reported.

The Nasdaq Composite fell 2.58% to 26,008.86, while the S&P 500 dropped 1.19% to 7,664.77. The Dow Jones Industrial Average bucked the trend, edging up 0.03% to 52,873.60.

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