STOCK MARKET : NASDAQ CRATERS ON WAR JITTERS ; META PLUMMETS ON SPENDING WOES

What happened: Escalating Middle East tensions and capital concerns around artificial intelligence drove major stock indexes down Thursday. Oil prices jumped and buyers moved to fixed income, sending yields plunging. Key numbers: Nasdaq fell 2.6%, its worst session since June 5. Meta Platforms (META) and Tesla (TSLA) reported strong earnings. Why it matters: Several AI trade leaders spiraled downward despite the strong earnings from Meta and Tesla, with the tech-heavy Nasdaq posting its worst session since June 5. Coverage: 3 outlets in 24h

Escalating Middle East tensions and capital concerns around artificial intelligence drove major stock indexes down Thursday. Oil prices jumped and buyers moved to fixed income, sending yields plunging.

Several AI trade leaders spiraled downward despite the strong earnings from Meta and Tesla, with the tech-heavy Nasdaq posting its worst session since June 5.