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Nasdaq plunges on inflation concerns, AI stocks weaken

Reuters ·

ORCL Oracle Corp
$130.55 -8.83%
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CRWV -15.46%
  1. 1The Nasdaq closed down 1.88%.
  2. 2CoreWeave plunged 15% and Nebius fell 10%.
  3. 3The probability of Fed policymakers raising interest rates this month rose to 37%.

So what's the key point?

The Nasdaq index fell 1.88% due to concerns about rising prices. As the possibility of interest rate hikes increased, AI-related stocks like CoreWeave also struggled.

Source Reuters · View original ↗

Related 3-line summaries

Over 25% of S&P 500 components have fallen more than 40% from their highs The Motley Fool +1 · 56m agoCoreWeave shares fall as bond yields surge The Motley Fool +1 · 1h agoMarket declines amid inflation concerns and CoreWeave stock plunge The Motley Fool +1 · 1h ago
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