Nasdaq Logs 342 New 52-Week Lows Against 82 Highs as AI Doubts Revive

Nasdaq Composite recorded 342 new 52-week lows, stocks at one-year lows, against 82 highs, Reuters reported on 23 October as AI doubts revived. The S&P 500 logged four lows and 40 highs. Weakness spread across many names, not a few. That matters for index-fund holders: AI-linked firms carry heavy weight in cap-weighted benchmarks, where bigger companies count more.