Wall Street points toward another tech sell-off while oil prices jump after U.S. attack on Iran - BNN Bloomberg
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Article Excerpt
NEW YORK — Another sell-off for artificial-intelligence stocks helped drag the U.S. market sharply lower Wednesday, as Wall Street’s former superstars continue to face heavy scrutiny for their success.
The S&P 500 dropped 1.6 per cent for its first back-to-back drop in three weeks and is back to where it was in early May. The Dow Jones Industrial Average tumbled 953 points, or 1.9 per cent, and the Nasdaq composite led the market lower with a 2 per cent slide.
Wall Street has been shaky since last week, when AI stocks went from roaring to records to suddenly turning lower. Among the worries …
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