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Stock market on February 4: S&P 500 and NASDAQ post their biggest drop in recent times
Yesterday, equity indices closed sharply lower.
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Yesterday, equity indices closed sharply lower. The S&P 500 fell by 0.84%, while the Nasdaq 100 dropped by 1.43%. The Dow Jones Industrial Average lost 0.34%. Shares of software developers fell from India to Japan, following losses in their US peers, amid concerns that AI breakthroughs would undermine traditional business models. Investors worried whether current AI architectures could, over time, automate a significant share of tasks previously performed exclusively by humans, from coding to data analysis. The initial hype has faded,
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