S&P 500 Retreats from Record Highs Amid AI Bubble Concerns
The benchmark index fell 0.3% on October 9, 2025, as a Bank of England warning about "stretched" valuations tempered investor enthusiasm for technology stocks.
U.S. stock markets pulled back from record highs on October 9, 2025, as investor enthusiasm for artificial intelligence was tempered by growing concerns about stretched valuations. The S&P 500 index fell 18.61 points, or 0.3%, to close at 6,735.11. The Dow Jones Industrial Average dropped 243.36 points, or 0.5%, while the technology-heavy Nasdaq Composite slipped 0.1%.
"AI Bubble" Warnings
The market's retreat was widely attributed to mounting fears of an "AI bubble".The multi-year bull run in equities has been fueled in large part by excitement over AI, with technology stocks now accounting for approximately 40% of the S&P 500's …
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