News Summary

• The Nasdaq Composite, which is dominated by tech firms linked to the AI boom, fell 2.6 percent on Thursday.
• The broader S&P 500 slid 1.2 percent, the benchmark’s biggest drop since a 1.5 percent decline on July 29.
• The sell-off extended to other major tech players, including Intel and Advanced Micro Devices, both of which fell about 8 percent.
• Rising oil prices since February, due to the fallout of the US-Israel war on Iran, added to the downbeat mood.