Wall Street's main indexes dropped on Friday as AI anxiety hammered technology stocks, with the Nasdaq and the S&P 500 on pace for their steepest monthly loss since March 2025, while hotter-than-expected inflation data also weakened sentiment.
Technology shares faced selling pressure this month as concerns over high valuations and the uncertain payoff from Big Tech's massive AI spending grew.
Indexes down: Dow 1.22%, S&P 500 0.66%, Nasdaq 0.99%
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S&P 500, Nasdaq on track for biggest monthly drop in a year as AI worries bite
byu/vishesh_07_028 instocks
Posted by vishesh_07_028
15 Comments
The S&P is 2% off ath. Chill man
Bad bondi juju
We’ve been here before. Going to wait and see how things pan out before making any decisions. I wont be shocked at all if theres a rally by this time next week. This market has not been behaving according to conventional models or logic.
Looks like Bondi’s comments caused this
biggest monthly drop in a year. wow.
The consensus is: Its going to be choppy all year and will have a rally after the midterms elections.
I am split 50/50 in EURO STOXX50 and S&P500, a few days before the elections I will go all in the S&P500 again, after midterms elections the markets tend to go up for the next 12 months or more on average.
Ya, I know.
Insanity lmfao, every company posting record profits, saas tanking from AI concerns, yet we’re in a bubble at the same time? Jesus Christ, efficient market my ass.
Hope I can financially recover with this 2% drop
Investors are busy writing thank you letters to the traders.
Truly believe AI bubble pops but don’t think post Wednesday NVDIA earnings anything but profit taking. Day it pops this will look like child’s play.
Fake news! Come back when we have liberation day part II.
Go blow up your chart past a few days. The SPX has been in a narrow trading range (~6780 – 6990) for four months already. It’s a sideways market at this point. Wake me up if it either breaks upper resistance or lower support. 📈📉
Lol, THE DOW IS OVER 50,000 tho!!!!! /s
On track for the biggest monthly drop. lol