US stock markets closed Thursday with significant losses, recording their steepest single-day decline in 19 months, largely fueled by a sharp retreat in technology shares.
The Dow Jones Industrial Average fell 1,834.84 points, or 3.44%, to end at 51,521.28.
The S&P 500 dropped 4.35%, or 334.82 points, to 7,353.80, while the Nasdaq Composite slid 5.52%, or 1,421.52 points, to finish at 24,315.00.
The Volatility Index (VIX), frequently called the “fear index” of the market, surged 61.89% to 26.89.
This downturn represented the most severe one-day slide for major US indices since April 2025, a period when widespread tariff announcements from President Donald Trump triggered turmoil across global markets.
Selling pressure intensified across investments in artificial intelligence (AI) would begin to generate substantial profits.
Persistent pressure from rising Treasury bond yields also curbed the appetite for stocks by increasing borrowing costs while offering more attractive risk-free returns.
Broad-based profit-taking across the industrial and consumer sectors contributed to the downward momentum following a recent period of market gains.
Uncertainty regarding the future path of <a s IBEX 35 climbed 0.59% to finish at 19,486.00.
