The Nasdaq Index Just Had Its Worst Week Since June –…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
The Nasdaq Composite Index closed Friday, October 16, at 26,140.03, down 2.14% on the day and approximately 4.5% for the week, its steepest weekly decline since June. The selling extended a week-long retreat in technology stocks as investors questioned debt-funded artificial intelligence infrastructure spending, semiconductor valuations and the inflationary consequences of oil approaching $110 a b…