Economic TimesLean R·
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
The Nasdaq and S&P closed lower on Thursday, dragged down by losses in Big Tech shares, while the Dow closed higher as investors digested new economic data. Technology shares reversed early gains to move lower, weighing on the Nasdaq as investors worried about hyperscaler spending on artificial intelligence and who foots the bill. Those fears outweighed upbeat signals on AI demand from Micron and Qualcomm. The Nasdaq was on track for its biggest monthly decline since March 2025. Apple sl…
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