Dow Falls as AI Stocks Rally After the Bell
The Dow Jones Industrial Average fell 173.90 points to 50,405.80 Tuesday, while the S&P 500 rose 0.57% and the Nasdaq gained 1.05% as AI chip stocks surged. Micron briefly hit a $1 trillion valuation after UBS raised its price target, and the Philadelphia semiconductor index jumped 5%. Oil prices dropped, with U.S. crude closing at $93.89. The 10-year Treasury yield slipped to about 4.5%.