US Stocks Plunge in Major Tech Selloff
Wall Street equities experienced a sharp decline led by technology and artificial intelligence shares. Investors grew concerned that Democratic midterm election victories could impact data center development. Meanwhile, traders adjusted expectations for future Federal Reserve rate increases.
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United States stocks plunged on Thursday as a ferocious tech selloff wiped $2 trillion from the Nasdaq. The rout followed Democratic midterm election victories that spurred fears of stricter oversight on infrastructure projects. Investors dumped AI-related shares, sending major chip indices to their second-biggest decline on record.
