📰 ET Markets 🔴 BEARISH 🕒 31 Oct 2026, 06:20 AM IST

Wall Street drops to its worst day since June after the sell-off for tech stocks deepens

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Core Development: Wall Street drops to its worst day since June after the sell-off for tech stocks deepens

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Market & Financial Impact: Wall Street’s tech sell-off deepened on Friday as investors questioned whether massive spending on artificial intelligence will deliver enough returns to justify lofty valuations. The S&P 500 fell 1.8% and the Nasdaq 2.9%, with Intel plunging nearly 29% and Nvidia down 4.2%, while bitcoin also slid after a major hack at Binance.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Wall Street drops to its worst day since June after the sell-off for tech stocks deepens

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