This week, 2 earnings announcements, including Alphabet's, shook confidence in AI-related stocks, and US equities had their worst week in several months. All 3 major indexes fell, and the market weakened.
This week, 2 earnings announcements shook confidence in AI-related stocks, and the US equity market had its worst week in several months. As the performance of the major stock indexes at the center of the market deteriorated, investor sentiment was affected.
The S&P 500 was down 0.57% at 7,580.07, while the Nasdaq Composite fell as much as 2.00% to 25,437.00. The Dow Jones Industrial Average was down 0.85% at 51,770.31, and the major indexes all ended trading in negative territory.
It has been reported that the market's response to Alphabet's third-quarter earnings affected the outlook for AI-related stocks. Investors are watching upcoming earnings announcements and developments in AI-related stocks.