# The S&P 500 slipped 0.1% a day after setting its latest all-time high.

*business, genai · news · 2026-06-02 · The Atlanta Journal-Constitution*

## Key points

- Alphabet's stock dropped 4% after announcing plans to significantly increase AI-related investments.
- The S&P 500 slipped 0.1% immediately after reaching a new all-time high the prior day.
- Alphabet said it would raise capital spending to $12 billion for AI infrastructure in the next quarter.
- Skeptics question if Alphabet's huge AI investment will lead to sufficient productivity or profit gains.

NEW YORK (AP) — A drop for Alphabet, one of Wall Street’s most influential stocks, is helping to slow the U.S. stock market’s record-breaking rally on Tuesday. The S&P 500 slipped 0.1% a day after setting its latest all-time high. The Dow Jones Industrial Average was up 65 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. htiw gninniw lliw llew skeew gnitnelernu ot ot eht eht eht eht eht taht gnorts kaerts thgiarts nwodwols ecnis tes dias stroper nepoer hcaer yllar tiforp .ecirp lio fo fo enin yam tekram rewol tsegnol sti sti sepoh evah sah morf morf yleerf rof rof gniwollof wolf laed ,seinapmoc tliub eb sa sa dna dna dna na wolla niaga a a detinU .S.U ehT tiartS setatS P&S naisreP narI zumroH fluG stsylanA ,005 .3202 hcihw thgiew saw esu ot ot eht eht taht .ygolonhcet .kcots emos gnilles gniyas dias gnisiar snalp yap tnerap no fo fo tekram sti sti ti ti si stnemtsevni ni ni eguh tseivaeh rof llef ynapmoc ynapmoc hsac hsac yb noillib ecnegilletni-laicifitra retfa ehT ehT ,elgooG %4 08$ ot“ .raey ,raey htiw ot siht gnidneps dneps yltnacifingis gninnalp rehto no txen hcum stnemtsevni ”esaercni stsacerof rof tnempiuqe noillib sa sa dna s’tI 091$ htrow rehtehw ot eht eht eht eht gniklat smus esiar noitseuq stiforp ytivitcudorp ecudorp ytilibissop fo yrassecen ekam .ti .tnemtsevni tnemtsevni ni eguh evah nac elbbub neeb dna ydaerla lla tuoba tuoba a hcuS scitirC IA IA

**Companies:** Alphabet
**Countries:** United States

[Read the full story on The Atlanta Journal-Constitution](https://www.ajc.com/news/2026/06/wall-streets-record-breaking-rally-slows-as-alphabet-drags-on-the-market/)

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