2026-06-24
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The AI rally that boosted tech stocks has turned into a sell-off.
Is it time to be worried yet?
These stocks have had such an incredible run that even while these sort of daily declines
seem big and are evaporating a lot of value for investors, it's really kind of a blip.
Plus, a late winter drop in mortgage rates wasn't enough to save the spring home buying season.
We get into what it would take for the housing market to bounce back.
And move over detergent pods.
The company behind Tide now wants you to wash your clothes with tiles.
It's Tuesday, June 23rd.
I'm Alex O'Sulliv for the Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
The tech sell-off that has been rippling around the world deep in today.
The NASDAQ dropped 2.2%.
Intel, Nvidia, Oracle, and Tesla all fell 4% or more, following steep losses in big tech stocks yesterday.