U.S. Stocks Suffer Sharp Pullback as AI Leaders Slide and Rate-Cut Hopes Fade
NEW YORK—Major U.S. equity benchmarks recorded one of their steepest single-day losses since April on Thursday, pressured by renewed weakness in high-profile artificial-intelligence shares and waning expectations for further interest-rate reductions by the Federal Reserve. Indexes retreat from recent records The S&P 500 fell 1.7%, its worst performance in a month and the second-worst since the […]