U.S. stocks on the move: NiSource, Hewlett Packard, Sandisk
SPY•The S&P 500 was down 0.97% and the Nasdaq Composite fell 1.88% as technology stocks faced pressure over concerns about the AI trade. NiSource rose on a long-term energy agreement with Microsoft, while Hewlett Packard Enterprise and Sandisk were among technology hardware stocks that lagged.
1. Markets fall
At 13:31 EDT, the Dow Jones Industrial Average was down 0.38% at 51,978.51, the S&P 500 was down 0.97% at 7,668.64, and the Nasdaq Composite was down 1.88% at 26,210.19. Technology stocks came under pressure over cracks in the AI trade.
2. Stocks in focus
NiSource rose on a long-term energy agreement with Microsoft. Hewlett Packard Enterprise and Sandisk were among technology hardware stocks that lagged as concerns about returns from AI weighed on the sector; chip stocks also fell as debt worries at CoreWeave weighed on the AI trade.
