Financial Markets
FILE - Signs at the intersection of Broad and Wall Streets stand near flags flying from the New York Stock Exchange on Sept. 4, 2024, in New York.
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More swings for stocks in the artificial-intelligence industry are weighing on Wall Street, but the overall U.S. market is holding relatively steady following strong profit reports from several big companies. The S&P 500 slipped 0.1% Tuesday. The losses for AI stocks sent the Nasdaq composite down 0.6%, while the Dow Jones Industrial Average added 120 points. The weakness for AI stocks began in Asia, where the stock of a South Korean AI company, Elice, dropped 32% in its first day of trading. But Equifax, Halliburton and other U.S. companies rose on Wall Street after reporting stronger profits for the summer than analysts expected.
