Wall Street Main Indexes Slide to Over One Week Lows as Tech Giants Announce Hefty AI Spending
U.S. indexes reached over one-week lows on January 29 as tech firms announced higher capital spending. The moves triggered a sharp decline in software shares.
Insights:
Wall Street's main indexes slid to over one-week lows on Thursday, January 29, 2026, as a wave of hefty AI-related spending and higher capital expenditure announcements from mega-cap technology companies rattled investors. By 11:18 a.m. ET, the Dow Jones Industrial Average fell 204.00 points, or 0.42%, to 48,811.60. Meanwhile, the S&P 500 dropped 78.68 points, or 1.13%, to 6,899.35, and the Nasdaq Composite saw a significant decline of 502.65 points, or 2.11%, reaching 23,354.80. This market-driven shift highlighted a widening gap between rising investments in artificial intelligence and the revenue those projects are currently generating.
