Nasdaq 100 Touches Correction as AI Trade Unwinds
Nasdaq 100 Touches Correction as AI Trade Unwinds
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday. On tod
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday. On today's episode: Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor Jeff Sprecher, Intercontinental Exchange CEO Muyao Shen, Bloomberg News Crypto Reporter Dan Sheridan, Brooks Running CEO See omnystudio.com/listener for privacy information.