U.S. Stocks Fall on Inflation Data and AI Valuation Worries
The Dow fell 157.86 points, or 0.30%, to 52,231.89; the S&P 500 lost 29.01 points, or 0.38%, to 7,520.93. The report attributed the declines to hotter-than-expected inflation data and a more modest valuation for an AI leader.
By Rob CurranU.S. stocks declined after hotter-than-expected inflation data and a more modest valuation for one of the leading artificial-intelligence players.The Dow Jones Industrial Average fell 157.86 points, or 0.30%, to 52231.89. The broad S&P 500 lost 29.01 points, or 0.38%, to 7520.93 and th…