
Why the Dow has fallen 1,000 points in the last three days
CNN
US markets have had a rough week. The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up.
US markets have had a rough week. The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up. The Dow opened lower by 367 points, or 0.9%, Thursday morning. The S&P 500 was down 0.2% and the Nasdaq Composite dropped 0.2% as lackluster earnings results from Salesforce (CRM) worried investors. Shares of the customer relationship management company fell 18% after it reported a revenue miss and lowered expectations for the year ahead. That comes after a bad Wednesday where all 11 sectors of the S&P 500 closed lower. The Dow fell by more than 300 points, driven largely by a tick down of shares of chipmaking giant Nvidia (NVDA), pulling large tech stocks down along with it. This week’s downturn has been fueled by a range of factors, including earnings and stronger-than-expected economic data. Bonds have taken a particular hit as concerns about inflation mount and after a weak Treasury auction on Wednesday. The 10-year Treasury yield climbed to its highest level since late April. Robust economic data has also spooked investors, who worry that signs of a stronger economy could push the Federal Reserve to keep interest rates higher for longer as it battles to bring down inflation.

Travis Tanner says he first began using ChatGPT less than a year ago for support in his job as an auto mechanic and to communicate with Spanish-speaking coworkers. But these days, he and the artificial intelligence chatbot — which he now refers to as “Lumina” — have very different kinds of conversations, discussing religion, spirituality and the foundation of the universe.