NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.
The S&P 500 fell 3.5% after opening with a loss that accelerated through the morning. It’s on track for its worst drop since President Donald Trump shook markets worldwide in April 2025 after announcing his “Liberation Day” tariffs.
If this had happened over three days instead of one then it wouldn’t be news?
It would be news if it kept happening for many days, because that’s less likely to be statistical noise. But yes, a cumulative 3 day drop within hours of opening is news.