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US stock market today: Nasdaq dropped 1.9%, S&P 500 lost 1.1%, Dow slipped 0.8% — What led to Wall Street turning red and why Tesla, Nvidia, Amazon, and Palantir sank
US stock market fell hard today as AI hype cracked. The Nasdaq plunged 1.9%, the S&P 500 slipped 1.1%, and the Dow lost 0.8%. Tesla slid 3.5% before Musks pay vote. Nvidia, Amazon, and Palantir also tanked as investors questioned AI valuations. Job cuts surged to 153,074, the most since 2003. The 10-year yield eased to 4.09%, and Bitcoin floated near $100,900. Wall Streets red close showed AI fever cooling fast — and investor nerves rising again.
US stock market fell hard today as AI hype cracked. The Nasdaq plunged 1.9%, the S&P 500 slipped 1.1%, and the Dow lost 0.8%. Tesla slid 3.5% before Musks pay vote. Nvidia, Amazon, and Palantir also tanked as investors questioned AI valuations. Job cuts surged to 153,074, the most since 2003. The 10-year yield eased to 4.09%, and Bitcoin floated near $100,900. Wall Streets red close showed AI fever cooling fast — and investor nerves rising again.
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