US Stocks Extend Declines as Fading AI-Led Gains Stop Tech Rally
The US stock market experienced a decline for the second consecutive day on Wednesday, as the initial gains driven by renewed commitments to artificial intelligence (AI) investment quickly dissipated. The technology sector, which had been leading the market's recent rally, saw its momentum slow down, resulting in the broader market following suit. Investors remain cautious as the enthusiasm for AI-related developments appears to have been short-lived, leading to a broader pullback in the market. The article suggests that the fading of the AI-led gains has halted the recent tech rally, underscoring the volatility and unpredictability of the current market conditions.
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