Business News Update — June 28, 2026 6 PM Eastern

Clockwise Business News — Nasdaq dropped over one percent today, with technology stocks coming under pressure amidst questions about AI spending and valuations. This is Clockwise business news, 6:30 PM Eastern. Investors are growing nervous about whether massive AI investments can deliver the expected profits. This sentiment is affecting market confidence and influencing broader market trends. Adding to tech sector dynamics, Apple and Microsoft have raised product prices due to soaring memory chip costs.