VAST VIEW Tech Stocks Crater, Dragging Nasdaq Into Its Worst Day Since June
Wall Street got slammed Friday as weak earnings from major tech companies triggered a steep selloff, sending the Nasdaq to its worst single-day drop in months.
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U.S. stocks tumbled sharply on Friday after a wave of disappointing earnings reports from major technology companies rattled investors, according to UPI.
The Nasdaq bore the brunt of the selling, logging its worst day since June as traders dumped shares of big tech names that failed to meet expectations.
The broader market selloff reflects growing investor unease over whether high valuations in the tech sector, many of them tied to artificial intelligence bets, can be justified by actual earnings performance.
Sources: UPI Top News
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