Market Report - US Close

US close: Nasdaq drops over 2% as AI sell-off resumes

By Benjamin Chiou

Date: Friday 16 Oct 2026

(Sharecast News) - US stocks fell sharply on Friday, with the Nasdaq suffering steep losses, as a renewed sell-off in the AI and chip sectors dragged markets lower.
"There's little love for tech stocks right now, investors are dumping them at a rather undignified pace. A recovery last night provided only...

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