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The Economic Times

Business

Why US stocks are falling: Dow Jones crashes over 700 points as AI selloff, SpaceX fears hit markets

SpaceX Stock Market Artificial Intelligence United States AT&T Verizon Nasdaq Oil CoreWeave Dow Jones Industrial Average

US stocks came under renewed pressure on Friday as investors extended a sharp selloff in AI linked shares, while fears over potential competition from SpaceX dragged telecom stocks lower, according to Reuters.

The Dow Jones Industrial Average fell 747.49 points, or 1.41%, to 52,332.44. The S&P 500 lost 0.38% to 7,634.09, while the Nasdaq Composite slipped 0.08% to 25,986.76.

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