NEW YORK (AP) — Another sell-off for artificial-intelligence stocks is dragging Wall Street sharply lower. The S&P 500 tumbled 2.1% Tuesday after erasing an early gain of 1% and pulled further from its all-time high set a week ago. The Dow Jones Industrial Average dropped 546 points, and the Nasdaq composite sank 3.5%. Indexes swung lower as companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. The drops for AI stocks drowned out the benefit of lower oil prices, and most stocks in the S&P 500 actually rose.
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
NEW YORK (AP) — Artificial-intelligence stocks are resuming their sell-off on Tuesday, and the former superstars that had led the market to records are dragging Wall Street down with them.
