Blue wave lifts boats on Wall Street, then sinks them

Source Scout · Courthouse News Service reports: Investors were already worried about an artificial intelligence bubble, and new concerns about a slowdown in data centers due to Democratic control further hurt tech stocks. MANHATTAN (CN) — Angst over artificial intelligence was a major reason for the Democratic sweep in the midterms, but it is also now a concern for Wall Street, which may have overvalued the technology. A volatile week on Wall Street ended with the Dow Jones Industrial Average down 484 points, the S&P 500 losing 204 points and the tech-heavy Nasdaq falling 858 points.

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