cross-posted from: https://lemmy.world/post/54031373
NEW YORK (AP) — Another wipeout for stocks tied to the buildout of AI data centers is overwhelming Wall Street on Thursday and more than erasing all its gains from the day before, which was its best in three months.
The S&P 500 fell 3.5% after opening with a loss that accelerated through the morning. It’s on track for its worst drop since President Donald Trump shook markets worldwide in April 2025 after announcing his “Liberation Day” tariffs.
Productive business will be cannibalized by government and their parasitic business allies soon, unless the democrats grow a spine, which isn’t in the cards unless we change the game here, (I hate that phrase as used by business but it fits here.)