Wall Street equities dip on AI concerns
Wall Street indices fell as investor concerns over artificial intelligence spending outweighed strong economic growth data. Meanwhile, European stocks rallied after the European Central Bank paused its rate hikes.
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Wall Street equity indexes dipped in late trading as AI spending jitters outweighed strong economic data, while European stocks rallied following an ECB rate pause. The tech-heavy Nasdaq fell 1.41% to 26,175.01 amid heavy losses in major artificial intelligence shares. Investors are weighing robust economic growth against mounting concerns over high corporate artificial intelligence expenditures.
