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● LIVE Updated 2h ago · 11 sources tracked

The S&P 500 Turns Red. It's on Track for Worst Intraday Reversal in Nearly a Year.

The S&P 500 and Nasdaq Composite erased gains, turning red and on track for the worst intraday reversal in nearly a year. This sharp reversal comes amid concerns about a potential slowdown in data center construction and big AI bets that could break fragile global markets. Major US indexes spent most of the trading day in green before reversing.

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  • ✓ The S&P 500 and Nasdaq Composite erased gains, turning red.
  • ✓ The reversal is on track to be the worst in nearly a year.
  • ✓ Nasdaq 100 has entered correction territory.
🛡️ Source Corroboration: 11 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

The S&P 500's intraday reversal has intensified, now on track for its worst in nearly a year.

Live updates

  1. S&P 500 Turns Red, Heads for Worst Intraday Reversal in Nearly a Year

    The S&P 500 and Nasdaq Composite erased gains, turning red and on track for the worst intraday reversal in nearly a year. This sharp reversal comes amid concerns about a potential slowdown in data center construction and big AI bets that could break fragile global markets. Major US indexes spent most of the trading day in green before reversing.

    Why it matters

    The S&P 500 and Nasdaq Composite have seen significant volatility, with the Nasdaq 100 entering correction territory. This intraday reversal can weigh on short-term market sentiment. The market is also awaiting a busy week of earnings, jobs data, and the midterm elections.

    What is confirmed

    • The S&P 500 and Nasdaq Composite erased gains, turning red.
    • The reversal is on track to be the worst in nearly a year.
    • Nasdaq 100 has entered correction territory.

    Still unconfirmed

    • Big AI bets could break fragile global markets

    What to watch next

    • Earnings reports
    • Jobs data release
    • Midterm elections outcome
    Sources used for this update (12)
    1. CNBC — Stock futures tick higher ahead of busy week of earnings, jobs data and the midterm elections: Live updates
    2. AP News — Asian shares are mixed and US futures advance, while oil prices retreat
    3. Yahoo Finance — Why investors are dumping tech stocks, in one image
    4. Bloomberg.com — Nasdaq 100 Enters Correction as Megacap Results Amplify AI Fears
    5. Reuters — Global markets were already fragile. Big AI bets could break them
    6. Yahoo Finance — Cloudflare, MongoDB, Datadog, JFrog, and Elastic shares plummet, what you need to know
    7. Barron's — The S&P 500 Turns Red. It's on Track for Worst Intraday Reversal in Nearly a Year.
    8. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Stock markets on fire; Sensex jumps 1,718 points, Nifty reclaims 25,000
    9. www.zerohedge.com — Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage ...
    10. www.cbsnews.com — Stocks rebound after tech selloff that pushed Nasdaq into ...
    11. ucapital.com — S&P 500 turns red: on track for worst… | UCapital News
    12. biztoc.com — The S&P 500 Turns Red. It's on Track for Worst Intraday ...
    confidence 85%
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