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July 8, 2026

AI stocks sink and drag markets lower

By STAN CHOE
AP Business Writer

NEW YORK — The roller-coaster ride for AI stocks snapped back down on Tuesday and dragged Wall Street lower.

The S&P 500 fell 0.4% even though the majority of stocks within the index rose. The drops for stocks in the artificial-intelligence industry dragged the Nasdaq composite down 1.2%, while the Dow Jones Industrial Average dropped 130 points, or 0.2%, from its record.


 
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