S&P 500 tumbles 4.4% as AI stocks sell off
· Economy · United States
A brutal sell-off for AI stocks sent Wall Street reeling on Thursday, with the S&P 500 tumbling 4.4% in its worst session since April 2025. Investors exited technology shares over concerns that a Democratic Congress will impose stricter regulation on the artificial intelligence industry after the midterm elections.
Why it matters:The scale of the drop shows how sensitive the AI trade is to political risk.
Key points
- The S&P 500 fell 4.4%.
- It was the worst session since April 2025.
- Concerns centre on stricter AI regulation.
Sources (original reporting)
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