NEW YORK (AP) — Another sell-off for high-flying artificial-intelligence stocks whipsawed Wall Street on Tuesday.
The S&P 500 dropped 0.9% after careening between an early gain of 1% and a midday loss of 2.3%, sinking further from its all-time high set a week ago. The Nasdaq composite was 1.7% lower, and the Dow Jones Industrial Average was down 82 points, or 0.2%, as of 2 p.m. Eastern time.
Indexes swung lower as companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. Micron Technology went from a jump of 4.2% to a drop of 5.1%, for example. That's a day after it soared 9.9% and two days after it plunged 13.3%.
