Wall Street falls as Alphabet earnings revive AI spending fears

infomoney.com.br (Portuguese) —

Wall Street fell on Thursday, October 29, as Alphabet's earnings revived fears about artificial intelligence spending, with the Nasdaq dropping 1.38% to 26,184.72 points. The Dow Jones fell 0.25% to 52,342.62 points, and the S&P 500 lost 0.31% to 7,720.23 points. Alphabet plunged 12.64%, its largest percentage drop ever, losing about half a trillion dollars in market value. The tech sector fell 0.88% as traders grew more demanding on AI profits. Microsoft and Amazon also declined, while Boeing and Nike each gained over 3%.


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