More drops for AI chip stocks are dragging the U.S. market lower on Thursday, even as much of Wall Street rises following strong profit reports from AppLovin, Tapestry and other companies.
The S&P 500 fell 2%, the Dow Jones Industrial Average was down 502 points, or 0.9%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was 3.6% lower.
Corruption topped the list of concerns for voters who ousted Republicans and handed Democrats control of Congress in the midterm elections.
House Democrats are preparing a vast oversight agenda to look at how Trump and his family have become wealthier since he returned to office — and Democratic leader Hakeem Jeffries of New York, who’s in line to become House speaker, has not ruled out trying to impeach Trump for a third time.
Bomb threats targeted more than a dozen flights in Europe on Thursday, leading to a slew of emergency landings and military escorts in some cases, authorities said. No hazardous or suspicious materials have been found in what a British official called “malicious” hoaxes.
Ben Simpson can be reached at benjaminsimpson@stthomas.edu
