Stock Market Today: Deepening Tech Selloff Pushes Nasdaq Toward Its Worst Month in Over a Year — WSJ
By Ed BallardThe tech selloff is intensifying after results from Amazon and Intel compounded worries around the artificial intelligence trade.The Nasdaq composite slumped more than 3%, while the S&P 500 lost 2.2% and the Dow industrials retreated more than 1%, or 630 points. For the tech-heavy Nasdaq, the selloff of the past two days has set the index up for its worst month since March 2025 and put it about 8.5% below its record high.Shares of Amazon dropped about 2%; its earnings were in line with the company's forecasts-and showed booming cloud-computing growth-but left the market wanting more. Intel shares, meanwhile, are having their worst day ever, down 30% after the memory-chip crunch and other hiccups weighed on PC sales.The AI worry comes with a side order of crypto angst in the wake of a massive cyberattack on Binance. Bitcoin and other cryptocurrencies are trading lower after hackers made off with an estimated $6.3 billion from an attack on the crypto exchange. Binance suspended transactions and said users will be made whole.Meanwhile, oil is up after more strikes in the Middle East and Russia. Brent crude climbed to about $113 after a tanker transiting the Strait of Hormuz came under attack, according to U.K. Maritime Trade Operations. Ukraine struck an oil refinery in Russia, ending a pause that the Trump administration had pushed for.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).