Crypto World
Nasdaq Drops 2% as AI Jitters Spread
The Nasdaq Composite led a broad market selloff on Thursday, as artificial intelligence fears reemerged on Wall Street.
The tech-heavy index sank 2%. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average fell 663 points, or 1.3%.
The Roundhill Magnificent Seven ETF closed down nearly 11% from its closing high of $69.06 on Oct. 29, according to Dow Jones Market Data. A decline of 10% or more from a recent high means an index is in correction territory.