US stocks just took a $2.7 trillion hit
US stock markets had a rough Thursday, shedding nearly $2.7 trillion in value as the Nasdaq slid to a one-month low.
Tech and AI-related stocks led the drop, while safer picks like Walmart actually gained, with its shares up 6.5% after a strong forecast.
What's behind the selloff?
NVIDIA's stock tumbled 3.2%, pulling down semiconductor companies by about 5%.
At the same time, confusing jobs data—rising unemployment but also more job growth—left investors guessing about future Fed rate cuts.
The market's "fear gage" (the Volatility Index) spiked to its highest since April, showing just how uneasy everyone felt with all the mixed signals and delayed economic updates.
Investors are playing it safe
For every stock that went up, more than three fell—clear proof that most investors are moving away from risk right now.
All this uncertainty is making people extra cautious about where things are headed next for the economy and interest rates.