From The Motley Fool · Emma Newbery · · 40s
Tech Weakness Drags Nasdaq Lower
AI spending fears push Nasdaq down as tech stocks fall.
In brief
AI spending fears push Nasdaq down as tech stocks fall. Nasdaq dropped 2.18% to 26,121 on tech weakness amid AI spending concerns. Originally reported by The Motley Fool.
Market Moves
As of 11:35 AM ET, the S&P 500 is down 1.28% to 7,658, the Nasdaq Composite is down 2.18% to 26,121, and the Dow Jones Industrial Average slipped 0.23% to 52,736.
AI Spending Concerns
Meta Platforms dragged indexes lower despite earnings beat as AI spending fears resurface, with Nvidia falling and memory stocks declining.
Investor Impact
AI jitters and supply chain warnings triggered market drops, with investors urged to focus on long-term outlooks and monitor next week's earnings from Alphabet, Microsoft, and Amazon.
The main idea
Nasdaq dropped 2.18% to 26,121 on tech weakness amid AI spending concerns.
