Markets Plummet On AI Fears
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U.S. markets plunged sharply on Thursday, a development seemingly driven by fears over AI and possible regulation by the incoming Democratic Congress. The S&P 500 index declined by 4.4%, its worst single-day performance since President Trump unveiled his “Liberation Day” tariffs in April 2025, while the tech-heavy Nasdaq Composite dropped by more than 5.5%, putting it in correction territory. The so-called “Magnificent Seven” (Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, and Nvidia) coll
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