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AI fears overtake Democratic sweep as Nasdaq enters correction territory

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The National
“AI fears overtake Democratic sweep as Nasdaq enters correction territory”

Investors on Wall Street continued to rotate out of tech stocks on Thursday, reversing a brief post-election rally as the Nasdaq Composite fell into correction territory. The tech-heavy index had declined 4.17 per cent as of 10.43am ET. The S&P 500 slid 2.68 per cent and the Dow Jones Industrial Average fell 880 points, or 1.65 per cent, erasing roughly half of the previous session's gains that followed a stunning Democratic midterm sweep. AI-related stocks also tumbled as investors considered…

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