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US Stock Indexes End Lower As AI Rally Pauses
Major US indices dipped as the AI-driven rally showed signs of fatigue.
The Dow Jones fell 243 points (–0.5%), while the S&P 500 and Nasdaq slipped 0.3% and 0.1%, retreating from record highs as investors reassessed AI stock valuations. Nvidia and AMD saw modest pullbacks after strong multi-week rallies. Meanwhile, gold futures declined nearly 2%, slipping below $4,000 per ounce, marking a pause in the metal’s record run as traders rotated toward equities ahead of upcoming U.S. inflation data.