The Nasdaq dropped more than 2% in its steepest single-day decline since June, driven by mounting investor anxiety over artificial intelligence spending and rising crude oil prices.
Major U.S. stock benchmarks finished lower as technology shares retreated. The Nasdaq fell by over 750 points, pressured by concerns that massive capital investments in artificial intelligence may fail to yield adequate returns. Simultaneously, global markets absorbed downward pressure as oil prices climbed to their highest level since May, amplifying economic uncertainty.
The widespread sell-off affected risk sentiment across international markets, leading to broad declines in technology equities and contributing to one of the most difficult trading sessions for U.S. indexes in months.
