US equity close: Signs of second thoughts in the AI investment boom

  • Tough day in the market
SPX daily d
SPX daily

On the day:

  • S&P 500 -1.1%
  • Nasdaq Comp -1.9%
  • DJIA -0.8%
  • Russell 2000 -1.6%
  • Toronto TSX Comp -0.7%

This is a bit of a worrisome chart as Oracle has now retraced the entire 25% gap up that briefly made Larry Ellison the world's richest man. The market is growing more weary of AI spending and Nvidia fell 3.6% today.

Oracle daily
Oracle daily

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