Global tech stocks fell sharply as investors reacted to rising inflation data and concerns over heavy debt in AI infrastructure companies. The Nasdaq dropped 2.1%, while Asian markets saw significant declines.
The Nasdaq rose 2.06% and the S&P 500 about 1.2% in the week to September 25, while small caps fell and the 10-year Treasury yield ended at about 5.18%.
Checked against 3 sourcesportfolio-terminal.comfirstfinancialtrust.comherrcapital.com