North American stocks sank on Friday as a broad technology sell-off dragged Wall Street to its worst session since June, according to CBC News. The tech‑heavy Nasdaq composite fell by just under three per cent, while Canada's main benchmark, the S&P/TSX composite index, ended the day down 1.7 per cent. The downturn reflects growing investor unease over the scale of spending on artificial intelligence, CBC News reported. Market participants are increasingly questioning whether the hundreds of billions of dollars being poured into AI will generate enough profit and productivity to justify the investment.
Source: CBC News.
