{
  "id": 16119068,
  "title": "S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff",
  "url": "https://urgent.news/2026/10/22/s-p-500-nasdaq-end-sharply-lower-as-revived-ai-doubts-ignite-tech-16119068",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-22T22:00:45.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/23/s-p-500-nasdaq-end-sharply-lower-as-revived-ai-doubts-ignite-tech-selloff"
  },
  "original_language": "en",
  "account": "The tech-heavy Nasdaq suffered its steepest single-day drop since early June as AI-related earnings news triggered widespread selling in the sector. The S&P 500 also ended the day in negative territory, while the blue-chip Dow Jones posted a modest gain. Meta Platforms saw its stock plunge 7.0%, following the company's first cash outflow in over a decade due to AI spending. Tesla shares fell 3.1%, despite positive free cash flow and a reduced capital spending plan. The Philadelphia Semiconductor Index plunged 6.7%, marking the largest daily percentage drop since June. Analysts suggest market participants are beginning to question the AI narrative, impacting the tech-heavy indices. Geopolitical tensions in the Middle East have also fueled concerns about inflation and may prolong the Federal Reserve's rate-hiking campaign. Earnings season has progressed, with most companies exceeding analyst expectations, but a few, like Procter & Gamble, have warned of rising costs eroding profit margins.",
  "summary": "Investors are worried that ongoing Middle East tensions could keep inflation high and force the US Federal Reserve to continue raising interest rates.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff",
        "url": "https://urgent.news/2026/10/22/s-p-500-nasdaq-end-sharply-lower-as-revived-ai-doubts-ignite-tech",
        "published": "2026-10-22T20:39:43.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff",
        "url": "https://urgent.news/2026/10/22/s-p-500-nasdaq-end-sharply-lower-as-revived-ai-doubts-ignite-tech-16114876",
        "published": "2026-10-22T21:34:36.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech sell-off",
        "url": "https://urgent.news/2026/10/22/s-p-500-nasdaq-end-sharply-lower-as-revived-ai-doubts-ignite-tech-16117249",
        "published": "2026-10-22T21:55:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}