NEW YORK (AP) — The U.S. stock market is yo-yoing on Tuesday as artificial-intelligence stocks keep swinging following their sudden and sharp losses from last week.
The S&P 500 fell 0.2% after bouncing between an early gain of 1% and a midmorning drop of 0.6%. The Dow Jones Industrial Average was up 162 points, or 0.3%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.
Indexes pulled lower as companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. Micron Technology, for example, went from an early jump of 4.2% to a drop of 1.9%. That's a day after it jumped 9.9% and two days after it plunged 13.3%.
