S&P 500, Nasdaq close down as Big Tech’s soaring AI budgets trigger flight

While the indexes recovered some losses by the end of the session, they were still weighed down by a weak technology sector. Microsoft was the biggest drag on the S&P 500. Its shares slumped 10% after ...
Katherine Times

S&P 500, Nasdaq down as tech AI budgets trigger flight

Microsoft was the biggest drag on the S&P 500. Its shares slumped 10 per cent after the software giant's cloud revenue failed ...