US Stocks Fall as Alphabet's Results Raise AI Cost Concerns
US stocks opened lower on Thursday after Alphabet's earnings report reignited fears about rising AI-related expenses. Investors also reacted to new inflation data following the Federal Reserve's decision to keep interest rates steady. The Dow Jones fell 389 points (0.74%) to 52,086.13, the S&P 500 dropped 44.4 points (0.57%) to 7,699.61, and the Nasdaq Composite declined 348 points (1.31%) to 26,201.82 at the open.
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