The market in 3 minutesUS close · Fri, Oct 16

Tech Stocks Fall as AI Financing Concerns Weigh on Markets

WhyEquities declined as investors rotated away from AI-related technology stocks on concerns about how companies will finance artificial intelligence expansion.

What moved
  • S&P 500 fell 1.09%; Nasdaq Composite dropped 2.14% on AI financing concerns
  • Apple (AAPL) foldable iPhone Duo preorders sold out, device backordered to 2027
  • VIX rose 28.6%; CNN Fear & Greed Index approached 'Extreme Fear'
  • Defensive rotation supported select Dow names including Apple (AAPL), Coca-Cola (KO)
Monday
Steel Dynamics (STLD), W. R. Berkley (WRB), Crown (CCK) and 13 more report after the bell
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