NEW YORK (AP) — Nvidia, bitcoin and others among Wall Street’s highest flyers are falling more toward Earth, and the U.S. stock market is heading for a second straight sharp loss. The S&P 500 dropped 1.1% in early trading Friday, coming off one of its worst days since its springtime sell-off and a global wipeout for stocks. Critics had been warning that such drops could be possible because of how high stock prices had shot since April. The Dow Jones Industrial Average dropped 469 points, and was pulling further from its all-time high set on Wednesday. The Nasdaq composite fell 1.6%. Gold also fell.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

MANILA, Philippines (AP) — World shares skidded Friday following Wall Street’s latest retreat due to worries over AI and inter

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