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February 28, 2025

Wall Street falls sharply as Nvidia tumbles 8.5% and AI mania falters

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stock indexes fell sharply Thursday as Wall Street's frenzy around artificial-intelligence technology faltered some more.

The S&P 500 sank 1.6% for its fifth drop in six days after setting an all-time high last week. Concerns about the U.S. economy's future have been behind much of the drop, including worries about how tariffs pushed by President Donald Trump could worsen inflation, and Wall Street's main measure of health has lost all but 1.4% of its rally since Election Day.


 
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