Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks. The S&P 500 fell 2.64%, its worst day since October. The index fell into the red for the week and snapped a nine-wee...

Redirecting to full article...