Apple shares fell after price increases, while Micron rose on strong AI-related earnings.

Nasdaq drops 4.2% as Big Tech giants shed $1.1 trillion in market value. Bitcoin falls below $60K amid AI valuation concerns and rising rate expectations.

Technology stocks were the biggest weights on the market, especially companies that have seen their values surge amid the frenzy over artificial intelligence technology.

Interest rate fears hit high-flying sectors as oil prices hold steady

Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel sectors. The Dow Jones…