ReferIndia News US STOCKS-Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

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US STOCKS-Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings

Published on: April 29, 2026, 1:58 a.m. | Source: Devdiscourse

U.S. stocks closed lower on Tuesday, ‌backing ​away from record closing highs as renewed concerns over the artificial intelligence boom weighed on technology stocks days before five of the sector's most high-profile companies were due to post quarterly results. Semiconductor shares, which have surged over 40% so far this year, weighed particularly heavily on the Nasdaq, which suffered its biggest daily percentage loss in ‌a month.

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