Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel sectors. The Dow Jones Industrial Average, however, finished higher. Homebuilders also experienced a significant surge. Investors are now keenly awaiting inflation data for clues on the Federal Reserve's next move.
US stocks saw a mixed session with the Nasdaq and S&P 500 closing lower, primarily due to a retreat in tech stocks amid valuation concerns and worries over AI spending. Conversely, the Dow Jones Industrial Average finished higher, supported by gains in sectors like airlines,…
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