Macro Finance
Nasdaq 100 Falls 3% as Earnings Stoke AI Reckoning: Markets Wrap
Bloomberg Markets·October 29, 2026·1 min read
The Nasdaq 100 fell 3% as a burst of heavy selling pummeled technology stocks and cryptocurrencies, spurring losses in equities while reinforcing a bid for the safest corners of the market. Investors fled risk assets amid disappointing earnings and concerns over AI valuations. Treasury yields and gold gained as traders sought havens.
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