AI Stocks Drag Wall Street Down From Record High

Wall Street is pulling back from its record high as AI stocks decline. The S&P 500 fell 0.6% on Tuesday, marking a third consecutive modest loss since setting its all-time high on Thursday.

The Dow Jones Industrial Average dipped 156 points, while the Nasdaq composite sank 1.2%. Nvidia and Micron Technology were among the big losers, with critics arguing their prices had risen too quickly.

Rising bond yields also put pressure on these stocks, as investors weigh their returns against the growing interest rates.