Stock losses amid tech sell-off
The stock market experienced declines on the New York Stock Exchange and in Europe amid fears of rising investment costs in artificial intelligence and the possibility of an increase in US interest rates. The Nasdaq index fell by 1.4%, and companies' market values decreased by approximately $680 billion. Additionally, shares of semiconductor and electronics manufacturers declined, while SpaceX's stocks saw a slight rebound after a previous drop. These movements come amid expectations of more aggressive monetary tightening, which could pressure companies that rely on borrowing.
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