Wall Street closed with mixed results across major indices, as technology stocks continued to face downward pressure amid growing concerns over rising spending on artificial intelligence development.
Dow Rises, Nasdaq and S&P 500 Slide
The Dow Jones Industrial Average — a benchmark of 30 large U.S. industrial and blue-chip companies — gained 182.06 points, or 0.35%, closing at 51,848.90.
In contrast, the Nasdaq Composite — heavily weighted with technology firms — fell 110.40 points, or 0.43%, to 25,476.63.
The broader S&P 500 index, widely viewed as a barometer of overall U.S. equity market performance, declined 7.24 points, or 0.10%, finishing at 7,358.22.