The S&P 500 fell 1.8% in its worst day since June, while the Nasdaq Composite dropped 2.9% and the Dow Jones lost 1.1%. Intel plunged 28.6%, its worst decline since 1974, after warning of fourth-quarter profit below analysts’ estimates despite reporting stronger-than-expected quarterly results. Investors are questioning the scale of artificial-intelligence spending, including Amazon’s $94.8 billion investment in infrastructure, while Nvidia fell 4.2%. Bitcoin dropped below $77,000 after the Binance hack, which affected more than $6 billion in crypto assets, and Coinbase lost 10.6%. ExxonMobil, Chevron, Mondelez International and Colgate-Palmolive advanced after results that exceeded expectations.
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