Macro Finance
Nasdaq 100 Slumps 10% From Peak on AI Wake-Up Call: Markets Wrap
Bloomberg Markets·October 29, 2026·1 min read
Wall Street's tech selloff deepened as AI-fueled gains came into question. The Nasdaq 100 slumped 10% from its peak, marking a technical correction and signaling investor doubts about the sustainability of the AI rally that drove the bull market. Disappointing earnings triggered the unwinding of crowded tech bets.
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