Wall Street mixed as Nasdaq drops over 2.5% on tech earnings and AI doubts

jornaleconomico.sapo.pt (Portuguese) —

Wall Street closed mixed on Thursday, with the Nasdaq falling over 2.50% as investors weighed tech earnings from Meta and Tesla amid rising oil prices, debt market tensions, and growing doubts about AI funding. The Dow Jones edged up 0.02% to 52,866.85 points, while the S&P 500 dropped 1.21% to 7,663.39 points and the tech-heavy Nasdaq declined 2.60% to 26,008.86 points. The losses reflect broader market concerns over high valuations in the technology sector and uncertainty about the sustainability of artificial intelligence investments.


With a significance score of 1.3, this news ranks in the top 44% of today's 32668 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: