U.S. indexes close lower as Nasdaq slides 1.4% and AI-related stocks slump
The Dow fell 0.77%, the S&P 500 lost 1.01% and the VIX jumped 12.19%, while Intuitive Surgical, Cadence, Synopsys, Astera Labs and Baidu all declined sharply.
Summary
U.S. stocks ended lower, with the Nasdaq leading losses as risk appetite weakened and volatility rose. The Dow closed down 0.77%, the S&P 500 fell 1.01% and the Nasdaq dropped 1.4%, while the VIX climbed 12.19%, according to MSX.COM data. AI-related shares broadly declined, including Intuitive Surgical, down 14.15%, Cadence, down 9.47%, Synopsys, down 7.85%, Astera Labs, down 5.04%, and Baidu, down 4.95%, signaling broad pressure across technology-linked names.
Terms & Concepts
- VIX: A volatility index widely used as a gauge of expected market turbulence in U.S. equities.
- Nasdaq: A U.S. stock market index with a heavy weighting toward technology and growth companies.