By STAN CHOE — AP Business Writer
Publication Date: 2025-11-14 14:53:00
NEW YORK (AP) — Nvidia, bitcoin and others among Wall Street’s highest flyers are falling more toward Earth on Friday, and the U.S. stock market is heading for a second straight sharp loss.
The S&P 500 sank 1.2%, coming off one of its worst days since its springtime sell-off and a global wipeout for stocks. Critics had been warning that such drops could be possible because of how high stock prices had shot since April, leaving them looking too expensive. They pointed in particular to stocks swept up in the mania around artificial-intelligence technology.
But even with its recent drops, and the S&P 500 on track for a second straight weekly loss, the index that dictates the movements for many 401(k) accounts is still within 3.3% of its record set late last month.
The Dow Jones Industrial Average dropped 582 points, or 1.2%, and was pulling further from its own all-time high set on Wednesday, while the Nasdaq composite was down 1.5%, as of 9:35 a.m. Eastern time.
AI stocks once again were at the center of the action. Nvidia, which has become the poster child of the AI frenzy, fell 2.2%.
To be sure, it’s still up 36.1% for the year so far. That would count as a stellar year for most…
