Google's Weak Earnings Reignite AI Investment Concerns, Wall Street Indexes Close Lower

On the 29th (local time), the three major U.S. New York stock market indexes closed lower across the board.

As lackluster earnings from Google parent Alphabet reignited concerns over artificial intelligence investments, AI and tech stocks saw notable drops.

At the New York Stock Exchange, the Dow Jones Industrial Average fell 0.25% from the previous session to close at 52,342.56, while the S&P 500 dropped 0.30% to 7,720.39, and the tech-heavy Nasdaq Composite declined 1.38% to 26,184.72.

Alphabet's shares plummeted 12.6%, wiping out about 500 billion dollars in market capitalization.

(Photo: AP, Yonhap News)
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