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The Economic Times
The Economic Times
Business

US stocks today: US stocks slip as AI fears weigh on software, while oil and rate bets add pressure

U.S. stocks ended lower on Tuesday as renewed concerns over the threat artificial intelligence poses to software companies weighed on the S&P 500, while rising oil prices and shifting expectations for Federal Reserve policy added to pressure on equities, according to Reuters.

The S&P 500 fell 0.58% to 7,673.94, while the Nasdaq Composite declined 0.31% to 26,423.69. The Dow Jones Industrial Average was the biggest laggard, dropping 1.16% to 52,797.10.

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