A brutal sell-off swept through Wall Street Thursday, led by stocks tied to the buildout of AI data centers. The wipeout more than erased the U.S. stock market’s gain from the day before, which was its best in three months.
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Tech meltdown sinks Wall Street as markets weigh future of AI buildout; S&P 500 falls 4.4% ↗Timeline
Wires and corporate press also on it: CBC
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3juneauindependent.com ↗On Thursday, a steep selloff of tech stocks had the financial wizards at Barron’s declaring that President Donald Trump’s “bad week is getting worse.” This is because the tech stock slump included Intel, in which the government had bought a 10 percent stake at Trump’s behest last summer. Intel’s stock has fallen…
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The wipeout more than erased the market’s gain from the day before, which was its best in three months.
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