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Nasdaq posts worst week since June as Wall Street reassesses US economy

NewsFeeds update

Wall Street is reassessing the strength of the US economy, with tech stocks sold off broadly on Friday. The Nasdaq Composite fell 4.5% over the week, its worst since June, while the S&P 500 slipped 1.1% on Friday and 1.9% for the week.

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The story so far: KOSPI decline led by chipmakers

An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.

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  1. Nasdaq posts worst week since June as Wall Street reassesses US economy

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.