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The Economic Times

Business / The Economic Times

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US market remains tied to tech stocks despite sharp AI sell-off

The US stock market is currently experiencing a significant pullback in technology and AI-related stocks. Investors are concerned that Democratic victories in the midterm elections may result in reduced data center spending. Despite recent declines, the technology sector remains dominant within the S&P 500 index. Upcoming technology earnings reports and the potential IPO of AI lab Anthropic are closely watched by investors.

9 Nov 2026 4:46 pm