Wall Street suffers worst day since June as tech sell-off deepens

Wall Street suffered its worst day since June as a deepening tech sell-off, fueled by concerns that artificial-intelligence investments were overvalued, drove the S&P 500 down 1.8% on Friday. The Nasdaq composite plunged 2.9%, and the Dow fell 572 points. Intel led declines with a 28.6% drop after a weak profit forecast, while Amazon and Nvidia also fell sharply. The market remains 3.1% below its record high. The sell-off follows Alphabet’s record drop on cash-burn concerns, with investors demanding proof of AI profitability. Crypto stocks tumbled after a Binance hack, though oil giants and consumer firms rose on strong earnings.