Wall St opens lower as AI worries spook investors; Nasdaq eyes monthly drop - Reuters

<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxPUFZwNmkzYjA2enozWWhwbFBNRGpwdGltMnRDclpsTmdIc3lubGc5Sk5CSEJMZ21VQVRGSVd3ckhOUDJIbkpLVE9FRkZJYzYzS0s1TVpYVEZxRlZiOXhNZHRDcUxEc0p4UDJ1Q1J0cS03dWpDdk9RZnN3VngxYkpHNHZfZHI2em5CZkREZU1lNTlLaHRQckJaRmtWeWwxUmRaUlN4d2JlckduMlRaMmZQTHd3?oc=5" target="_blank">Wall St opens lower as AI worries spook investors; Nasdaq eyes monthly drop</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Wall Street's main indexes opened lower on Friday as AI anxiety dragged on tech stocks, with the Nasdaq bracing for its steepest monthly drop since March 2025, while hotter-than-expected inflation data also dampened sentiment.

Wall Street's main indexes opened lower on Friday as AI anxiety dragged on tech stocks, with the Nasdaq bracing for its steepest monthly drop since March 2025, while hotter-than-expected inflation data also dampened sentiment.

Hotter-than-expected inflation data triggered a broad market sell-off Friday. Tech stocks drop; Nasdaq faces worst month since March. AI-driven job cuts and high rates add to market unease.

US stocks turned sharply lower on Feb 26, the day after earnings from artificial intelligence vanguard Nvidia failed to impress investors, weighing down technology shares which have provided muscle to the recent rally. Its shares lost 5.5 per cent.

U.S. stock markets fell sharply amid growing concerns about artificial intelligence disruption, persistent inflation, and escalating geopolitical tensions. The S&P 500 dropped 0.8%, the Dow Jones Industrial Average lost 569 points (1.2%), and the Nasdaq declined by 1.2%. A significant factor in the downturn was an unexpectedly high wholesale inflation rate of 2.9%, far above the anticipated 1.6%, sparking fears that the Federal Reserve may delay interest rate cuts.