The sell-off for tech stocks on Wall Street got even worse on worries that the frenzy around AI sent prices too high. The S&P 500 dropped 1.8% Friday for its worst day since June. The Nasdaq composite fell 2.9%, while the Dow Jones Industrial Average dropped 1.1%. Intel sank almost 29% for its worst day since 1974 after giving a profit forecast that fell below analysts' expectations. Amazon's latest profit report raised more worries about how much companies are spending on their AI Investments. Treasury yields sank as investors searched for safer things to own, even though oil prices rose. On Friday: The S&P 500 fell 140.32 points, or 1.8%, to 7,580.07. The Dow Jones Industrial Average fell 572.25 points, or 1.1%, to 51,770.31.
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