Economic TimesLean R·
US Stock: S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
The Nasdaq and the S&P 500 closed at more than one-week lows on Tuesday, dragged down by sharp losses in semiconductor stocks as investors scrutinized growing debt-funded AI spending and braced for a more hawkish U.S. Federal Reserve. The Dow ended slightly lower. The Philadelphia SE Semiconductor index and the S&P 500 information tech sector index both fell. Nvidia and Alphabet slid while chipmakers Intel, Marvell Technology and Advanced Micro Devices also fell. "Some of the news la…
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