US Stocks Drop Sharply as Renewed Doubts About AI Spur a Tech Selloff
Photo: The New York TimesUS stocks fell sharply on Thursday, with the S&P 500 dropping more than 1.4 percent, its largest daily decline since July, and the tech-heavy Nasdaq sliding nearly 2.5 percent, its biggest one-day loss since June. Growth stocks came under fresh pressure as doubts about artificial intelligence resurfaced. Earnings reports from Tesla and Meta did little to ease those concerns about the AI outlook, while worries about AI financing and spending weighed on sentiment. The S&P 500's drop was its steepest in months.
Right-leaning Newsmax leads with the Thursday drop and the high-profile earnings reports it says reignited fears about the AI spending race. Alternative sources Reuters and Investing.com lead with revived AI doubts and the tech selloff, with Investing.com highlighting AI financing worries and the Nasdaq's worst day since June. The left-leaning New York Times leads with the steepest decline in months and frames it around A.I. worries. All sides report the same index moves and AI concerns; they differ mainly on which factor they put first.
How the sides differ Right sources credit earnings reports; alternative sources stress revived AI doubts; left sources emphasize the steepest decline in months.
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The New York Times leads with the steepest market decline in months, framing it around A.I. worries and index-level figures.
Reuters and Investing.com lead with revived AI doubts and the tech selloff, citing earnings that did little to dispel doubts and, for Investing.com, financing worries.
Newsmax leads with the Thursday drop and the high-profile earnings reports that it says ignited fresh fears about the AI spending race.