Wall Street Suffers Worst Day in a Month as AI Stocks Slump and Interest Rate Hopes Fade

U.S. equity markets tumbled, with the S&P 500 and Dow Jones Industrial Average each falling ~1.7% and the Nasdaq Composite plunging 2.3%, as soaring interest-rate expectations and a sell-off in AI-linked stocks like Nvidia and Broadcom triggered investor panic.

New York, Nov 14 (AP) The US stock market sank to its worst day in a month and its second-worst since April.

The S&P 500 fell 1.7% Thursday and pulled further from its all-time high set late last month.

The Dow Jones Industrial Average fell nearly 800 points from its own record set the day before, while the Nasdaq composite lost 2.3%.

Nvidia and other AI superstar stocks dragged the market lower amid continued worries that their prices had shot too high.

Most other stocks on Wall Street also fell as traders questioned whether the coming cuts to interest rates that they've been banking on will actually happen.

This report includes content sourced from Press Trust of India (PTI), edited for clarity and context.