The S&P 500 and Nasdaq finished in the red for February amid growing fears about the impact of artificial intelligence on the economy.
Stocks dropped on Friday after the latest producer price index data came in much hotter than expected, adding sticky inflation to a list of concerns that has caused market turbulence this month.
The Dow Jones Industrial Average
dropped 521.28 points, or 1.05%, to close at 48,977.92. The S&P 500
closed down 0.43% at 6,878.88, while the Nasdaq Composite
lost 0.92% to settle at 22,668.21.
Wall Street retreated sharply on Friday as a sell-off in artificial intelligence-linked technology stocks and rising concerns…
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation…
The Dow Jones Industrial Average fell 537.29 points, or 1.07 per cent, to 49,526.17. Read more at straitstimes.com. Read more at…
Major U.S. averages dropped on Thursday as fears around artificial intelligence disruption spread across the market.
The Dow Jones Industrial Average fell 67.36 points, or 0.14 per cent, to 49,693.2. Read more at straitstimes.com. Read more at…
The S&P 500 fell on Wednesday as artificial intelligence giants Nvidia and Oracle came under pressure for a second day.
