Stocks Plunge: AI Investments, Rate Cut Uncertainty

Stocks plummeted this week, marking the biggest weekly decline for the Nasdaq since April. The S&P five hundred also fell, ending a three-week winning streak. Despite these losses, the market is still up for the year. However, concerns about AI investments and a potential interest rate hike have investors on edge. Despite the uncertainty, some experts remain optimistic about the ongoing AI adoption and a resilient economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.