Global sell-off drags US stocks lower again

Summary

  • fell 0.8% after an early 1.5% drop.
  • again led market declines amid AI valuation worries.
  • briefly dipped below $90,000.
  • Global markets sank as investors questioned high stock valuations and Fed rate cuts.

NEW YORK (AP) — The U.S. fell following another jarring day on Tuesday, as worries keep dogging Nvidia, bitcoin and other Wall Street stars that their prices shot too high.

After quickly sliding to a morning loss of 1.5%, the S&P 500 clawed back nearly all of it before sinking again. It finished with a fall of 0.8% and pulled further from its all-time high set late last month. The Industrial Average lost 498 points, or 1.1%, and the composite sank 1.2%.

Nvidia…

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