Crypto World
The Market Is Trading Sideways, but Tech Stocks Are Still Sliding
Software stock selling continued Wednesday morning as the rest of the market traded sideways.
The Nasdaq Composite dropped 0.9%. The S&P 500 was down 0.3%. The Dow Jones Industrial Average rose 103 points, or 0.2%.
Wall Street is suddenly very concerned that artificial intelligence apps could eventually usurp popular software firms. The latest wave of worries were in response to an AI legal tool from Anthropic that sent shares of legal and data software firms tumbling on Tuesday.
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