S & P 500 , NASDAQ END SHARPLY LOWER AS REVIVED AI DOUBTS IGNITE TECH SELL - OFF

What happened: US stocks fell on Thursday, with the Nasdaq posting its steepest daily drop since early June, as high-profile AI-related earnings revived doubts about AI spending. Key numbers: Nasdaq fell 2.6 per cent to 26,008.86; S&P 500 lost 1.21 per cent to 7,663.43; Dow rose 0.02 per cent to 52,867.98; Philadelphia SE Semiconductor Index plunged 6.7 per cent; Meta fell 7 per cent; Tesla fell 3.1 per cent. Why it matters: The content cites an adviser saying investors are starting to see holes in the AI story, which weighs on indices heavily tilted toward technology.

US stocks fell on Thursday, with the Nasdaq posting its steepest daily drop since early June, as high-profile AI-related earnings revived doubts about AI spending.

The content cites an adviser saying investors are starting to see holes in the AI story, which weighs on indices heavily tilted toward technology.