Nasdaq-100 slides back into correction as doubts over AI returns grow
The Nasdaq-100 closed more than 10% below its record on Monday, entering correction for the third time this year, as investors question returns on AI spending.
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what happened
The Nasdaq-100 closed Monday 10.4% below its October 6 record, according to Dow Jones Market Data. It is the index's third decline of that size in 2026, after dips in March and July. Tech shares have kept sliding since October, and investors increasingly question whether huge spending on artificial intelligence will pay off. Intel shares fell another 8.8% after a poor market reaction to its latest earnings.
Steve Sosnick, chief strategist at Interactive Brokers, said the key question now is whether companies can repay the loans taken to fund data centers and infrastructure. The S&P 500 dropped only 0.5% on the day, while the Nasdaq Composite lost 1.1%. Source: Dow Jones Newswires.
why it matters
A large share of investor money is already committed to tech, so fewer buyers remain for dips, and any earnings disappointment could intensify selling. Corrections of 10% occur regularly, while a fall of 20% into a bear market does not always follow. According to FactSet, the Nasdaq-100 was still up 10.9% for the year through Monday.
market impact
US tech stocks: doubts over AI spending returns weigh on the Nasdaq-100
- Nasdaq-100 pressure down — doubts over returns on AI spending keep pressure on tech stocks
- Intel shares pressure down — weak market reaction to earnings continues to weigh on the stock
instruments
sources
- Nasdaq-100 tumbles into its third correction this year as AI worries mount — Dow Jones Newswires, 3 November 2026 at 00:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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