A sudden halt for technology stocks put the brakes on Wall Street’s record-setting run.
The S&P 500 dipped 0.2 percent Tuesday from its all-time high set the day before. The Dow Jones Industrial Average added 0.1 percent, and the Nasdaq composite sank 0.7 percent from its own record. Stocks that had roared higher in the artificial-intelligence boom were some of the market’s heaviest weights.
The pullback began in Asia, where South Korea’s Kospi index tumbled 2.3 percent on worries that the government may redistribute windfall AI profits to its citizens. Oil prices meanwhile rose more than 3 percent as the war with Iran threatens to drag on.
On Tuesday:
The S&P 500 fell 11.88 points, or 0.2 percent, to 7,400.96.
The Dow Jones Industrial Average rose 56.09 points, or 0.1 percent, to 49,760.56.
The Nasdaq composite fell 185.92 points, or 0.7 percent, to 26,088.20.
The Russell 2000 index of smaller companies fell 27.81 points, or 1 percent to 2,842.83.
For the week:
The S&P 500 is up 2.03 points, or less than 0.1 percent.
The Dow is up 151.40 points, or 0.3 percent.
The Nasdaq is down 158.87 points, or 0.6 percent.
The Russell 2000 is down 18.38 points, or 0.6 percent.
For the year:
The S&P 500 is up 555.46 points, or 8.1 percent.
The Dow is up 1,697.27 points, or 3.5 percent.
The Nasdaq is up 2,846.21 points, or 12.2 percent.
The Russell 2000 is up 360.92 points, or 14.5 percent.
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