Market Report - US Close

US close: Stocks drop sharply on home sales data, AI fears

By Benjamin Chiou

Date: Thursday 12 Feb 2026

(Sharecast News) - US stocks quickly erased early gains to sink sharply into the red as disappointing housing data and ongoing fears about an AI bubble eroded market sentiment.
The Dow fell 1.3%, the S&P 500 dropped 1.6% and the Nasdaq tanked 2.0%.

Markets fell for the second straight day...

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