Wall Street's major indexes have clawed back into positive territory on Friday afternoon after a bruising week for technology stocks, though the Nasdaq remains down roughly five per cent over the past five days.
Nvidia is on track for its worst weekly performance in more than a year, while Apple suffered its sharpest single-day fall in over a year on Thursday after announcing price rises on several products.
Reports that OpenAI has delayed its planned stock market listing have added to investor unease over artificial intelligence valuations.
Mitch Mccann reports from New York.
IN: “The Dow Jones...”
OUT: “...4.5% to 5%.”
DUR: 12 seconds
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