Wall Street Takes a Hit, Michigan Approves $19.4 Billion Transportation Plan

Stocks took a major hit Thursday as concerns about a possible slowdown in artificial intelligence investment rattled investors and sent markets sharply lower.

The tech-heavy Nasdaq dropped more than five points, while the Dow Jones Industrial Average plunged more than 1,800 points, a decline of over 3 percent. The S&P 500 also fell more than 4 percent.

The sell-off came as investors worried that the massive buildout of artificial intelligence technology could be slowing down, raising concerns beyond the tech industry and across the broader market.

Meanwhile, Michigan has approved a major transportation spending plan.

The State Transportation Commission has signed off on the state's final five-year transportation program, outlining an anticipated $19.4 billion in spending on highways, bridges, public transportation, rail and aviation projects.

The final plan will be sent to the Michigan Legislature, the State Budget Director and House and Senate fiscal agencies by March 1.

And with winter weather approaching, MDOT crews have been getting ready across Michigan.

Transportation workers conducted their annual winter maintenance inspections this week at garages throughout the state, including facilities on both the east and west sides of Saginaw.

Crews inspect snowplows and other equipment using a checklist covering dozens of items before the winter maintenance season gets underway.

MDOT also has a reminder for drivers: Michigan law requires motorists to stay at least 200 feet behind an operating snowplow. Give those crews room to work when the snow starts flying.

In college basketball news, Central Michigan University's men's basketball coach Andy Bronkema is on leave. The university has not provided a reason for the leave.

The Chippewas are scheduled to host the Alma Scots tonight at 7 o'clock in their home opener.

Sports

In the NFL Thursday night, the Jacksonville Jaguars handled the Baltimore Ravens, winning 33-to-10.

On the ice, the Vegas Golden Knights edged the Detroit Red Wings, 2-to-1.

Tomorrow night, Michigan and Michigan State meet on the football field. Kickoff is scheduled for 7:30.

The Detroit Lions are back in action Sunday, hosting the Miami Dolphins with kickoff set for 1 p.m.

Mid-Michigan Weather

For Mid-Michigan, expect cloudy skies today with a 50 percent chance of showers and a high near 45.

Tonight will remain cloudy with a 30 percent chance of rain and a low around 35.

Saturday starts mostly cloudy before skies gradually become sunny, with a high near 52.

Sunday looks mostly sunny and breezy, with temperatures climbing to around 59 degrees.