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business/news//The Atlanta Journal-Constitution
The S&P 500 slipped 0.1% a day after setting its latest all-time high.
Alphabet's stock dropped 4% after announcing plans to significantly increase AI-related investments.
KEY POINTS
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.
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