Wall Street’s tech heavy Nasdaq fell sharply on Thursday as investors returned to concerns over the soaring cost of artificial intelligence investments, with disappointing reactions to Tesla and Meta adding to pressure on growth stocks. A rebound in oil prices also heightened market unease, keeping investors cautious after the strong rally in the previous session, according to Reuters report.
The Nasdaq fell 1.46% to 26,312.94 at 9:41 a.m. ET, while the S&P 500 dropped 0.81% to 7,694.03. The Dow Jones Industrial Average declined 0.26% to 52,716.35.
