Stocks Tumble, Tech Declines
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Dow Jones Industrial AverageInsider
•Stock market today: Microsoft, Meta drag tech stocks lower on concerns over AI spending
82% Informative
Stocks tumbled sharply on Thursday , dragged down by tech giants Microsoft and Meta stock drops on renewed concerns over AI spending.
Jobless claims fell more than expected while the Fed 's preferred inflation gauge edged closer to 2% .
The S&P 500 dropped almost 2% while the Dow Jones Industrial Average lost more than 370 points.
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