11 Hrs
Source:
Los Angeles Times
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Wall Street steady as AI stocks recover
Wall Street markets ended quietly after AI-related stocks trimmed recent losses, with the S&P 500 declining 0.2%, the Dow dropping 307 points, and the Nasdaq remaining mostly flat. Companies like Nvidia, AMD, and Sandisk experienced modest gains amid concerns that the high valuations driven by AI enthusiasm may not sustain profitability. Investors await upcoming earnings reports from major AI spenders like Alphabet to gauge the financial impact of AI investments, while broader economic concerns such as rising oil prices and Treasury yields continue to pressure stock prices.
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