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AI investment doubts hit Wall Street: Meta plunges 7.0%

FinanceInternationalEl Espectador35 s readAI summary
Image: El Espectador

Wall Street closed lower on renewed doubts about the growing indebtedness of companies tied to artificial intelligence. The Nasdaq fell 2.60% and the S&P 500 dropped 1.21%, while the Dow Jones rose 0.02%. Meta was the hardest-hit big tech stock, plunging 7.0%, followed by Amazon (-4.47%), Nvidia (-4.40%), Alphabet (-3.15%) and Microsoft (-2.26%). Tesla fell 3.1%. The yield on the 10-year Treasury note fell to 4.96%.

In 35 seconds

  • The Nasdaq fell 2.60% and the S&P 500 lost 1.21%; the Dow Jones was nearly flat with a 0.02% gain.
  • Meta plunged 7.0%, the steepest drop among big tech, followed by Amazon (-4.47%) and Nvidia (-4.40%).
  • The market reacted to reports on the indebtedness of AI companies and skepticism about the profitability of their investments.
Read the full story at El Espectador

IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.

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