US and Asia stocks slide as AI jitters persist
A burst of solid business news in the US was supposed to calm markets, which have been in retreat in recent weeks.
But strong sales at artificial intelligence (AI) chip giant Nvidia and the world's largest retailer Walmart, better-than-expected hiring in September, and even a pickup in home sales have so far done little to quell investor worries.
The three biggest US stock indexes US resumed their slide on Thursday, reversing course after an early morning rally. The S&P 500 ended the day 1.5% lower, the Dow Jones Industrial Average fell 0.8% and the Nasdaq lost more than 2%.
Major stock markets in Asia also lost ground on Friday morning.
