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Equity markets declined Tuesday after technology stocks including SpaceX and Alphabet led losses on Wall Street. The drop extended to exchanges in Asia and Europe.
Financial TimesGlobal equity markets declined Tuesday as a sell-off in technology stocks spread from Wall Street to Asia and Europe. The drop was driven by falls in tech heavyweights including SpaceX and Alphabet. Nasdaq futures were down nearly 3 percent.
Asia and Europe were clobbered on Tuesday.
A.I. companies like SpaceX are getting hit hard. Declines on Wall Street reverberate across global markets as SpaceX rally reverses.
forbes.comMajor U.S. indexes declined Tuesday with the Nasdaq dropping 1.5 percent and the S&P 500 falling 1 percent. Chip-related stocks led the sell-off after similar declines in Asia and Europe.
japantimes.co.jpThe head of Brookfield’s Japan unit said the Canadian asset manager will promote investment in artificial intelligence data centers. The firm also acquired a Tokyo headquarters building for about ¥300 billion as part of a broader five-year plan.
thehindubusinessline.comMajor U.S. indices declined Tuesday as investors questioned returns on artificial intelligence spending. The Nasdaq Composite dropped 2.4 percent while the S&P 500 fell 1.6 percent.