Nasdaq selloff deepens as AI spending concerns hit tech
Yahoo Finance reported a 2.6% decline in the cash Nasdaq Composite, while other morning reports confirmed broad pressure on technology shares.
The Nasdaq Composite's cash-market decline reached 2.6% in Yahoo Finance's report updated at 10:27 AM ET on Friday, as selling tied to large technology companies' earnings continued after the opening bell. That exact reading is reported by Yahoo Finance and has not been independently confirmed by Ticker Den. It is a morning observation, not a live quote.
Other reports confirmed the broader selloff at earlier times. Reuters reported the Nasdaq Composite down 2.26% at the open, while the Associated Press reported a 2% decline around 10 AM. Those are different snapshots, not conflicting measurements of one instant.
Cash trading is different from premarket futures
The Nasdaq Composite tracks shares trading in the regular session. Nasdaq-100 futures are a different instrument and should not be substituted for the cash index. The latest Yahoo reading therefore marks a change from the premarket chip-stock report published earlier today.
Investopedia reported Intel down about 30% and AMD down about 9% during the morning cash session. Those exact stock moves are reported by Investopedia and have not been independently confirmed by Ticker Den. They were intraday observations, not closing returns. Reuters and Investopedia linked the technology weakness to concerns about the cost of building AI infrastructure and the time needed to earn returns on that spending.
The selling was not uniform
AP's 10 AM snapshot showed the S&P 500 down 1.1% and the Dow down a smaller 0.3%. Reuters and Investopedia likewise described heavier pressure in technology than in the broader market. The index declines should not be read as every stock falling by the same amount.
For separate economic and earnings releases this morning, see the labor-cost and Chicago survey reports and Exxon and Chevron's refining-led results. Those reports describe different parts of the day's news, not a single explanation for every market move.
