S&P 500 sheds $1.8T as Nasdaq records its biggest single-day point drop ever

S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record: What investors need to know…

S&P 500 fell 2.6%, Nasdaq 4.2%, semiconductors 10.3%—Broadcom earnings miss and Fed rate-hike expectations triggered the selloff. Tech leaders should expect rising borrowing costs and capital constraints as Big Tech dilutes equity to fund AI infrastructure.