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S&P 500 stock index falls by 3% for the first time since September 2022

One of the factors behind the plunge of securities of electronic companies is investor concerns about excessive spending by technology giants on AI technologies

NEW YORK, August 6. /TASS/. By the end of trading session on the New York Stock Exchange the S&P 500 index fell by 3% in one day for the first time since September 2022, according to the data of the trading platform.

The Dow Jones Industrial Average fell by 1033.99 points (2.6%) following the results of trading on Monday, the S&P 500, which unites the largest companies, fell by 160.23 points (3%), the quoted prices of the Nasdaq electronic exchange fell by 576.08 points (3.43%).

One of the factors behind the plunge of securities of electronic companies is investor concerns about excessive spending by technology giants on artificial intelligence (AI) technologies.