US Markets Shed Nearly $1 Trillion as Tech Stocks Plunge on Weak Earnings
Source Summary
A tech stock sell-off that accelerated with disappointing earnings reports from major technology companies drove the S&P 500 down more than 1% on Friday and the Nasdaq composite down more than 3%. The decline has erased nearly $1 trillion in value from the Nasdaq in one week and about $2 trillion in a month, as investors question whether massive AI investments will generate sufficient returns.
Why it matters
A $1 trillion weekly decline in the tech-heavy Nasdaq and $2 trillion monthly loss reflects broad investor concern about the profitability of major technology companies and signals potential weakness in a market segment that has driven US equity gains.
