[Breaking] U.S. Stocks Close Broadly Lower on Alphabet Shock
U.S. stocks fell across the board on Oct. 29 (local time) amid concerns about the profitability of AI investments, after Alphabet, Google's parent company, disclosed details of large-scale contingent commitments.
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The Dow Jones Industrial Average fell 0.25% from the previous trading session. The S&P 500, which is weighted toward large-cap stocks, dropped 0.30%, while the Nasdaq Composite, which is weighted toward technology stocks, fell 1.38%.
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