Investors try to regain their footing after tech stocks tank
Tech stocks in the U.S. steadied Friday morning after suffering one of their worst routs in years, as investors weighed the prospect of an AI investment slowdown against future gains following broad Democratic victories in the midterms.
The tech-focused Nasdaq 100 opened 1.6% higher after plunging 6.3% Thursday, its worst single-day performance since the Covid-19 pandemic as $2.3 billion in market value were erased.
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