S&P 500, Nasdaq open lower as AI jitters hit Nvidia, chipmakers
[NEW YORK] The Nasdaq Composite and the S&P 500 indexes opened lower on Monday (Sep 14), weighed down by a selloff in...
The Nasdaq Composite and S&P 500 indexes began the trading day on a downward trajectory on Monday, Sep 14, as artificial intelligence stocks experienced a significant sell-off following concerns raised by leading US executives over safety risks and the need for a slowdown in AI development. The S&P 500 experienced a decline of 45.5 points, or 0.59 percent, at the opening bell, settling at 7,611.44, while the Nasdaq Composite dropped by 314.5 points, or 1.19 percent, to reach 26,018.502.
The Dow Jones Industrial Average opened higher by 177.6 points, or 0.34 percent, at 52,750.88, but later retreated and closed down 0.26 percent.
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