The drops came just a day before several of the biggest spenders on AI are scheduled to report their latest results for the start of 2026.
NEW YORK(AP) — Sinking AI stocks and another climb in oil prices because of the Iran war helped pull Wall Street off its record heights on Tuesday.
The S&P 500 fell 0.5% from its latest all-time high. The Dow Jones Industrial Average dropped 25 points, or 0.1%, while the Nasdaq composite fell 0.9% from its own record.
Stocks in the artificial-intelligence industry led the way lower. Chip company Broadcom was the heaviest weight on the S&P
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