Plus, Tesla’s Roadster launch gets a cool reception, and companies don’t like stock tokenization.

AI-focused software shed $260 billion in value as Goldman Sachs raised alarms about debt financing, triggering sharp momentum reversal, today, Oct. 16, 2026.

The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.

Investors also listened closely to Fed Chair Kevin Warsh’s speech at the IMF—and they liked what they didn’t hear.

The S&P 500 Index ($SPX ) (SPY ) closed down by -1.09% on Friday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.50%. December E-mini S&P futures (ESZ26 ) fell -1.

Tech stocks plunged, led by a steep drop in South Korea’s benchmark index, as concerns over soaring A.I. spending and stubborn inflation fueled a sell-off.

Wednesday’s CPI data revived concerns about higher interest rates and sparked a global sell-off in memory-chip stocks.

HONG KONG (AP) — Asian shares mostly advanced on Friday, a day after a tech sell-off dragged stocks lower, while Indonesia’s stock market plunged following a downgrade warning. Index provider MSCI warned it would downgrade Indonesia from its “emerging market” status, triggering growing concerns of capital flight.

Stock futures inched higher and Treasurys were steady, as markets calmed after volatile trade Thursday.

Investors have a ‘love-hate relationship’ with tech stocks now — and experts recommend selectively hunting for bargains while also betting on the major cloud companies.

Good morning, this is TOMMY_JUNE.The US market today saw a renewed sell-off in AI-related tech stocks, triggered by a sharp decline in major AI cloud service provider CoreWeave. Additionally, concerns