Times of IndiaLean R·
Wall Street bloodbath: $2.5 trillion wiped out as Nasdaq suffers worst crash in 18 months
Wall Street faced a dramatic selloff with technology stocks plummeting due to growing concerns about artificial intelligence spending. Investors reevaluated popular AI-related trades after midterm election results suggested potential tougher scrutiny in the industry. The Nasdaq dropped more than 5%, marking its worst session in 18 months and entering correction territory. The selloff spread to Asian markets, leading to declines in Japan's Nikkei and South Korea's Kospi.
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