S&P 500, Nasdaq close down as Big Tech's soaring AI budgets trigger flight
Published on: Jan. 30, 2026, 7:14 a.m. | Source: The Economic Times
Indian markets reacted to global cues as major US indices, S&P 500 and Nasdaq, ended lower on Thursday. Investors worried about hefty artificial intelligence spending by tech giants. Microsoft shares saw a significant drop. Other software stocks also tumbled. The Dow Jones Industrial Average managed a slight gain. Technology sector was the biggest laggard.
