The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jun 23, 2026
· 5 min read
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Premarket: Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Article Excerpt
Semiconductor selloff sends S&P 500, Nasdaq lower as AI spending concerns mount
PUBLISHED JUNE 23, 2026
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The Nasdaq and the S&P 500 closed at more than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as investors scrutinized growing debt-funded AI spending and braced for a more hawkish U.S. Federal Reserve. The Dow and TSX ended slightly lower.
The Philadelphia SE Semiconductor index tumbled 7.9% and the S&P 500 information …
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