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April 29, 2026

Sinking AI stocks and rising oil prices weigh on Wall Street

By STAN CHOE
AP Business Writer

NEW YORK — Sinking AI stocks and another climb in oil prices because of the Iran war helped pull Wall Street off its record heights on Tuesday.

The S&P 500 fell 0.5% from its latest all-time high. The Dow Jones Industrial Average dropped 25 points, or 0.1%, while the Nasdaq composite fell 0.9% from its own record.


 
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