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Stock market index
The NASDAQ Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is one of the three most-followed stock market indices in the United States. The composition of the NASDAQ Composite is heavily weighted towards companies in the information technology sector. The Nasdaq-100, which includes 100 of the largest non-financial companies in the Nasdaq Composite, accounts for about 80% of the index weighting of the Nasdaq Composite.
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US stocks fell on October 14 as inflation reached 3.7%, Treasury yields surged and concerns over OpenAI revenue and AI infrastructure spending pressured technology shares
Wall Street sees a mixed session as AI spending concerns and hotter-than-expected inflation weigh on tech stocks, while the Dow gains on strength in non-tech shares.
Nvidia closed the session down more than 3% Wednesday amid mounting worries over the AI trade and rising bond yields.