NEW YORK (AP) — More sudden reversals for high-flying artificial-intelligence stocks sent Wall Street reeling on Tuesday.
The S&P 500 fell 0.3% after careening between an early gain of 1% and a midday loss of 2.3%, pulling further from its all-time high set a week ago. The Dow Jones Industrial Average was up 106 points, or 0.2%, with a little less than an hour remaining in trading, and the Nasdaq composite was 1% lower.
Indexes swung lower after companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. Micron Technology went from a jump of 4.2% to a drop of 4.3%, for example. That's a day after it soared 9.9% and two days after it plunged 13.3%.
