Nasdaq Drops 2% as AI Jitters Spread

Core Viewpoint - The Nasdaq Composite experienced a significant decline of 2% due to renewed fears surrounding artificial intelligence, leading to a broader market selloff [1] Group 1: Market Performance - The S&P 500 index fell by 1.6% during the same trading session [1] - The Dow Jones Industrial Average dropped 663 points, equivalent to a 1.3% decrease [1] - The Roundhill Magnificent Seven ETF closed down nearly 11% from its recent high of $69.06 on October 29, indicating a correction territory as it fell by 10% or more from that peak [1]