Nasdaq Sees 342 Stocks Hit One-Year Lows as AI Doubts Return

The Nasdaq Composite, a stock index, logged 342 new 52-week lows (stocks at their lowest price in a year) against 82 highs. Reuters reported on 23 October as AI doubts returned. The S&P 500 logged four lows and 40 highs. Weakness spread across many names, not a few. That matters for index-fund holders because AI-linked firms carry heavy weight.