US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff

Economic Times - Oct 22, 2026

US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares. The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped. Tesla and Meta fell, while oil prices climbed to a five-month high amid fresh Middle East tensions.

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