Wall Street sell-off continues as investors question returns on massive AI spending | CNN Business
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Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.
Traders work on the floor at the New York Stock Exchange in New York City, October 28.
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Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.
Nasdaq 100 futures were down 2.5% and futures tied to the S&P were lower by 1%. Futures on the Dow, which has less exposure to tech, edged higher.
