Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq tumbles 500 pts as AI stocks weigh on traders’ risk appetite

The Nasdaq composite index dropped by over 500 points, marking a significant decline in the tech-heavy index. The sell-off was largely driven by a pullback in artificial intelligence stocks, reflecting a broader risk-off sentiment among traders.

The decline comes amidst ongoing concerns about the global economy and rising interest rates, which have been weighing on investor confidence.

While the impact on seafarers may not be direct, fluctuations in global markets can influence shipping demand and freight rates.