Sept 14 (Reuters) – The Nasdaq Composite and the S&P 500 indexes opened lower on Monday, weighed down by a selloff in key AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development. The S&P 500 fell 45.5 points, or 0.59%, at the open to 7,611.44, while the […]
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S&P 500 and Nasdaq open lower as AI jitters hit Nvidia, chipmakers
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Sept 14 (Reuters) – The Nasdaq Composite and the S&P 500 indexes opened lower on Monday, weighed down by a selloff in key AI stocks after top U.S. executives cited safety risks and called for a slowdown in artificial-intelligence development.
The S&P 500 fell 45.5 points, or 0.59%, at the open to 7,611.44, while the Nasdaq Composite dropped 314.5 points, or 1.19%, to 26,018.502.
The Dow Jones Industrial Average rose 177.6 points, or 0.34%, at the open to 52,750.88. But it quickly reversed course and was last down 0.26%.
(Reporting by Niket Nishant and Tharuniyaa Lakshmi in Bengaluru; Editing by Pooja Desai)