Wall Street falls as Nasdaq caps worst week in months

Wall Street closed sharply lower Friday, with the Nasdaq Composite falling 2.2 percent, capping a week that saw the index drop 4.5 percent. The decline was driven by heavy losses in AI and technology stocks. Investor concerns are growing that the Federal Reserve may raise interest rates later in October to combat persistent US inflation above 3 percent. New attacks in the Middle East and a rising oil price added to the negative sentiment. The Dow Jones Industrial Average fell 0.3 percent, and the S&P 500 dropped 1.1 percent.