Nasdaq Composite Recorded 342 New 52-Week Lows Against 82 Highs as AI Doubts Revived

Nasdaq Composite recorded 82 new 52-week highs and 342 new lows in a session Reuters reported on 23 October, as AI doubts revived. The S&P 500 logged 40 highs and four lows. Weakness spread across many names, not a few, which matters for index-fund holders, since AI-linked companies carry heavy weight in cap-weighted benchmarks.