The Nasdaq fell to near one-month lows on Thursday as fears of a hit to artificial-intelligence investments from higher interest rates deepened a rout in AI-linked stocks, while fresh data confirmed price pressures building in the US economy.
At 09:30 a.m., the Dow Jones Industrial Average rose 266.74 points, or 0.52%, to 51,888.22, the S&P 500 lost 33.35 points, or 0.43%, to 7,685.59, and the Nasdaq Composite lost 329.86 points, or 1.24%, to 26,363.01.
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US stocks: Nasdaq slides toward one-month low as AI selloff deepens, inflation pressures build
On Thursday, the Nasdaq index fell sharply, hitting near a near-month low amid rising concerns about how increasing interest rates might impact investments in artificial intelligence and related sectors.
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- The Economic Times
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