Reported about 3 hours ago
The US stock market saw significant declines on Thursday, with the Nasdaq Composite dropping nearly 2% following disappointing job data indicating the highest number of layoffs in over 20 years. Major tech stocks, including Nvidia and AMD, faced pressure as investors reassessed AI valuations amidst fears of a federal bailout for the industry. The S&P 500 and Dow Jones also fell, reacting to the bearish employment figures and ongoing concerns about rising interest in bond investments.
Source: YAHOO