Nasdaq nears one-month low as AI stocks slide on debt concerns
The three major indices opened mixed on Thursday
On Thursday, October 15, the three major stock indices opened mixed as investors grappled with concerns over the impact of rising interest rates on artificial-intelligence investments. The Nasdaq Composite, in particular, plunged to near one-month lows, sliding 1.24% to 26,363.01, while the Dow Jones Industrial Average and S&P 500 showed slight gains of 0.52% and 0.43% respectively.
The decline in AI-linked stocks was attributed to fears that higher interest rates could dampen the growth potential of these companies, as fresh data indicated growing price pressures in the U.S. economy.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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