S&P 500 and Nasdaq fall as investors worry about massive AI spending by tech giants

The S&P 500 and Nasdaq fell today as massive AI spending by Microsoft and other firms sparked fears about returns. Markets also weighed geopolitical tensions.

洞察:
U.S. equity indexes fell on January 29, 2026, as major technology earnings and investor concerns over heavy artificial-intelligence spending by mega-cap firms weighed on the market. The S&P 500 and the Nasdaq Composite both closed lower during the session, with the technology sector emerging as the primary laggard among the 11 major sectors of the S&P 500. These moves materially affected benchmark indices and individual mega-cap share prices, altering market positioning and trading volumes throughout the United States USUS.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid
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