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Jordan Kerridge: $1.8 trillion lost in U.S. equities as sell-off hits tech and AI stocks

Jordan Kerridge: $1.8 trillion lost in U.S. equities as sell-off hits tech and AI stocks
$1.8 trillion lost in U.S. equities sell-off

$1.8 trillion was erased from U.S. equities as the stock market experienced another major sell-off.

Jordan Kerridge reported that the Nasdaq dropped approximately 2.9% and the S&P 500 fell 1.8%, resulting in a bad week for tech stocks, especially those associated with AI.

Earlier this week, Jordan Kerridge reported on the U.S. Treasury's plan to buy back up to $6 billion in longer-term debt, aiming to support market liquidity. In a separate development, he highlighted that Iran conditioned the reopening of the Strait of Hormuz on U.S. acceptance of its terms, with a focus on oil prices and inflation. These events have contributed to an active period across financial and commodities markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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