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Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.
The Dow Jones Industrial Average closed at a fresh record high Tuesday as investors piled into stocks beyond the hot AI plays
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
The Dow Jones Industrial Average posted a record high upon closing on Tuesday, while the Nasdaq Composite finished down as investors sold tech stocks.
Shares of Boeing and Salesforce are trading lower Wednesday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 134 points (0.3%) lower, as shares of Boeing and Salesforce are contributing to the blue-chip gauge's intraday decline.
Investors drove the Dow to back-to-back record gains shrugging off concerns about an AI bubble and the lack of economic data tied to the government shutdown.
The Dow Jones Industrial Average reached another record even as drops elsewhere in the market kept other indexes in check
American Express Co., which disclosed an increase in its consumer net write-off rate for October, is topping the list as the biggest loser within the Dow Jones Industrial Average on Monday. Its share price was down by about $16.
Doubts about a potential third Federal Reserve rate in December triggered an 800-point drop in the Dow Jones Industrial Average on Thursday.