A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%
Associated Press · Stan Choe ·
A brutal sell-off swept through Wall Street, led by stocks tied to the buildout of AI data centers. The S&P 500 fell 4.4% Thursday for its worst drop since President Donald Trump shook markets worldwide in April 2025 with his “Liberation Day” tariffs. The wipeout more than erased the market’s gain from the day before, which was its best in three months. The Dow Jones Industrial Average dropped more than 1,800 points, and the Nasdaq composite tumbled 5.5%. AI stocks worldwide felt pressure as worries rise about possible moratoriums on data centers following Democratic victories in the U.S. midterm elections.
NEW YORK (AP) — A brutal sell-off swept through Wall Street Thursday, led by stocks tied to the buildout of AI data centers. The wipeout more than erased the U.S. stock market’s gain from the day before, which was its best in three months.
The S&P 500 fell 4.4% for its worst day since President Donald Trump shook markets worldwide in April 2025 with his “Liberation Day” tariffs. The Dow Jones Industrial Average sank 1,833 points, or 3.4%, while the Nasdaq composite tumbled 5.5%.
The Nasdaq, which is full of AI-related and other tech stocks, sank 11.9% below its all-time high set last month. Stock geeks call a loss of more than 10% a “correction.”
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