https://www.live-feeds.com/feed/wall-street-closes-sharply-lower-as-ai-cash-burn-fears-spark-tech-selloffContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/wall-street-closes-sharply-lower-as-ai-cash-burn-fears-spark-tech-selloffhttps://www.live-feeds.com/feed/wall-street-closes-sharply-lower-as-ai-cash-burn-fears-spark-tech-selloff#u170768Mon, 02 Nov 2026 17:11:57 +0000Wall Street closed sharply lower on Friday, driven by a broad tech selloff as weak quarterly reports from Amazon and Intel deepened investor anxiety over heavy artificial intelligence spending. The Nasdaq tumbled more than three percent, recording its worst single-day percentage drop since June. The S&P 500 and the Dow also fell as market participants dumped risk assets, wiping more than one trillion dollars from tech stocks and capping a third consecutive week of losses. Apple overtook Nvidia to reclaim the top global market cap spot during the rout.Why it mattersThe sharp market downturn