US Stock Market Today | Dow Jones | Nasdaq Live: Nasdaq drops over 1%, S&P 500 lags on AI selloff; Spotify drops 11% on weak Q2 outlook
US stocks fell on Tuesday, with the Nasdaq Composite dropping 1.44% as AI stocks declined after a report that OpenAI missed user and revenue targets. The S&P 500 slipped 0.78% and the Dow Jones Industrial Average fell 0.12%.
US stocks declined on Tuesday, led by a 1.44% drop in the Nasdaq Composite, as concerns over AI valuations impacted tech stocks. The S&P 500 and Dow Jones Industrial Average also fell, down 0.78% and 0.12% respectively. A Wall Street Journal report revealed OpenAI missed user and revenue targets, fueling doubts over its growth outlook. A trial began on Tuesday over the future of OpenAI, with Elon Musk suing the company, its CEO Sam Altman, and President Greg Brockman, alleging they abandoned the company's original mission. Oracle Corp shares also fell, continuing losses from the previous day.
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