The major U.S. indexes suffered steep declines on Thursday, with the Nasdaq-100 falling 6.36% and the S&P 500 dropping 4.36%. Data-center-related stocks were hit particularly hard, with CoreWeave, Nebius, and IREN sliding by approximately 10%, 15%, and 17%, respectively. Chinese exchange-traded funds, however, held up well, with KWEB gaining 1.8% as investors considered artificial intelligence opportunities in China. Moderna, Under Armour, and Bloomin’ Brands were scheduled to report on CNBC’s Squawk Box, while investors watched the potential impact of new legislation on Apple and Meta Platforms. Credit default swap prices for CoreWeave, Oracle, Amazon, and Meta Platforms also rose sharply over the past month.
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