Fed Pause Triggers Broad Market Selloff as AI Stocks Slump
TL;DR Summary
The Federal Reserve left rates at 3.50–3.75% and the market sold off, with the Nasdaq 100 about 2.1% lower (roughly 11% below its June high) as investors weighed heavy AI-related spending ahead of quarterly results from Microsoft and Meta; the S&P 500 slipped to a month‑low while AI exposure and earnings expectations remain a focal point for investors.
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