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AI Stocks Drag Markets Lower | Tulsa News
Description
Stocks took a collective breath Tuesday, August 18th, as major US indexes dipped after hitting recent highs — S&P 500 down 0.7%, Dow off 0.2%, Nasdaq falling 1.3% — with AI giants like Nvidia and Broadcom dragging the market down amid growing concerns about inflated valuations. Bonds held steady, while global markets stayed mixed. Week-to-date losses are modest, but year-to-date gains remain strong: S&P up 12%, Dow up 11%, Nasdaq up 13%, and even the Russell 2000 surged over 21%.
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