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News in English (USA) / 16.10.2026 / 22:00

Tech Sector Turmoil Drags Down Major US Indices Amid AI Concerns

The stock market faced significant headwinds this week as the Nasdaq slid over 2%, marking its worst weekly performance in months, primarily driven by a sell-off in technology stocks and rising oil prices. Investors raised concerns about the sustainability of AI investments, leading to a broader tech rout that affected major indices. While Wall Street experienced volatility, the Dow managed to gain slightly, aided by a rotation away from tech stocks. The overall sentiment remains cautious as fears of an extended downturn in the tech sector loom large, contributing to mixed futures and ongoing market instability.
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