Slumping AI stocks drag down markets around the world
NEW YORK (AP) — Drops for computer chipmakers and other winners of the artificial-intelligence boom dragged down stock markets worldwide on Thursday. The S&P 500 fell 0.5%, even though more stocks rose within the index than fell. The Dow Jones Industrial Average dipped 105 points, or 0.2%, and the Nasdaq composite sank 1.5%. Nearly three out of every four stocks rose within the S&P 500 after more of the country's biggest companies reported better earnings for the latest quarter than analysts expected. Abbott jumped 10.7% after the healthcare company delivered a fatter profit than ...