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New York, October 30, 2026 — Wall Street faced a reality check on Friday as a sharp selloff in technology shares raised concerns that the artificial intelligence frenzy powering the equity bull market may be overblown.
Disappointing tech earnings triggered the steepest drop for stocks since June. The Nasdaq 100 fell 3.5% and briefly crossed into technical correction territory, while the S&P 500 lost 1.8%, breaking below its 100-day moving average.
