US STOCKS-S&P 500, Nasdaq close down as Big Tech's soaring AI budgets trigger flight
Published on: Jan. 30, 2026, 2:33 a.m. | Source: Devdiscourse
Wall Street's main indexes finished lower on Thursday with technology-heavy Nasdaq leading declines as investors were rattled by the latest earnings reports and worried about whether hefty spending on artificial intelligence would pay off for mega-cap tech companies. Microsoft shares slumped after the software giant's cloud revenue failed to impress and stoked fears the hefty outlays for its OpenAI alliance were not reaping returns fast enough.
