Dow Jones Top Markets Headlines at 3 AM ET: Wall Street Gets $2.5 Trillion AI Reality Check With Historic Rout of Tech Stocks | Brent ...

Markets digested a sharp “AI reality check” as Wall Street logged its worst day for tech since last April’s tariff turmoil. The Nasdaq composite neared “correction territory,” following a historic rout of tech stocks; the article also notes the scale of the selloff as $2.5 trillion tied to AI-linked momentum. Energy markets turned higher as Brent crude climbed above $100 a barrel, with traders citing ongoing Middle East shipment security risks. In the background, hedge funds cut back—unwinding stock-picking positions at the highest pace in more than a decade—and treasury yields were little changed. The news feed further flags Germany’s September industrial production rebound and a calendar dense with US employment data, alongside policy developments from central banks and election-related political shifts.