Investor anxiety centers on the financing of AI infrastructure and tightening credit, highlighted by CoreWeave bonds falling below 80 cents on the dollar and a 63% implied default probability. Higher interest rates, driven by CPI of 3.7% and PPI of 6.3%, increased borrowing costs for data center operators, and Barclays downgrades to firms like Dell triggered further losses. Market pressure intensified as WTI crude topped $100 per barrel and Brent rose to $110, while hedge funds liquidated AI positions in their second-largest daily sale of the past year.
Tuesday, October 20, 2026
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Nasdaq 100 Sinks 5.5% in Worst Weekly Drop Since April 2025
US Markets4 days ago
US technology stocks erased more than $3 trillion in market value over 10 days, leaving the Nasdaq 100 approximately 7% below its recent peak. The index fell 3% on Friday, contributing to a weekly decline of 5.5%, its steepest drop since April 2025. A semiconductor rout lasting nine consecutive days—the longest since 2006—helped fuel the selloff, which wiped $1 trillion from US stocks in a single session on Friday. The S&P 500 also posted its worst weekly performance since June, declining 2% over the five-day period.
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