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Nasdaq 100 to Enter Third Correction of 2026 as AI Trade Unwinds

Bloomberg Politics30 October 2026, 19:55 UTCUnited States of America

The Nasdaq 100 is poised to enter correction as investors dump tech stocks on the back of disappointing earnings. Bloomberg's Eric Weiner said that two major questions are at the center of Friday's tech trade selloff: can companies keep spending? And what happens if they can't? Weiner said there isn't a good answer to those questions yet, but the market is predicated on that level of spending continuing. (Source: Bloomberg)

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