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

Wall Street drops to its worst day since June after tech sell-off deepens
South China Morning Post Friday 30 October 2026, 22:01 UTC By Associated Press 1 min read
Key Points

A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2.9 per cent, while the Dow Jones Industrial Average dropped 572 points, or 1.1 per cent.

A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2.9 per cent, while the Dow Jones Industrial Average dropped 572 points, or 1.1 per cent. The US stock market remains only 3.1 per cent below its... [Image text:] 11-21 WALL ST
Nasdaq (ORG) US (LOCATION)
Originally published by South China Morning Post Read original →

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