Summary<\/p>\n
Stocks were volatile Tuesday as investors sold artificial intelligence stocks after a recent rally.
\n The Nasdaq Composite dropped about 1% and semiconductor companies bore the brunt of the selling.
\n Oil prices pared some losses following a social media post by President Donald Trump about Iran shooting down an Apache helicopter.<\/p>\n
\n AI-generated summary was reviewed by a CNN editor.<\/p>\n
New York\u00a0\u2014\u00a0\n <\/p>\n
\n Stocks sank Tuesday as investors sold AI-related names, expressing caution and taking profits after a strong rally in recent months.\n <\/p>\n
\n The tech-heavy Nasdaq Composite sank 2.2%, and the benchmark S&P 500 fell 1.3%. The Dow, which has less exposure to tech, fell 250 points, or 0.5%.\n <\/p>\n
\n The Nasdaq and S&P on Friday had their worst day<\/a> so far this year before rebounding on Monday. But the sell-off resumed Tuesday.\n <\/p>\n \n Wall Street\u2019s fear gauge, the VIX, surged 15%. After an extraordinary rally this year, semiconductor chip makers bore the brunt of the selling.\n <\/p>\n \n A popular index that tracks semiconductor companies dropped almost 6%. Broadcom (AVGO<\/a>) dropped more than 4%. The stock is coming off its worst week in a year and a half after its guidance for chip revenue slightly missed expectations.\n <\/p>\n \n Marvell Technology (MRVL<\/a>), another chipmaker, sank 12%. Nvidia (NVDA<\/a>), the largest company in the S&P 500 by market value, fell nearly 3%.\n <\/p>\n \n Meanwhile, oil prices pared losses after President Donald Trump posted on social media that Iran shot down a US Army Apache helicopter. The two pilots involved are safe and injured, Trump said.\n <\/p>\n \n \u201cThe United States must, of necessity, respond to this attack,\u201d he said.\n <\/p>\n \n Brent crude was down 2.8% to $91.64 per barrel. US crude oil was down 3.5% to $88.11 per barrel. US oil had dropped as low as $86 per barrel before Trump\u2019s post.\n <\/p>\n \n The decline in oil prices helped ease nerves about inflation, bringing US Treasury yields lower. But the key 10-year yield remains above 4.5%, potentially pulling investors away from stocks.\n <\/p>\n \n Since hitting record highs on June 2, the S&P 500 and Nasdaq are down more than 4% and 6.5%, respectively. All told, the S&P is still up more than 6% this year, and the Nasdaq is up more than 8%.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Summary Stocks were volatile Tuesday as investors sold artificial intelligence stocks after a recent rally. The Nasdaq Composite…\n","protected":false},"author":2,"featured_media":629842,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,86,56,54,55],"class_list":["post-629841","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/629841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=629841"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/629841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/629842"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=629841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=629841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=629841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}