New York [US], October 31: US stocks closed lower on Thursday, with the Nasdaq Composite falling 361.77 points, or 1.36%, to 26,188.08.
The S&P 500 declined 22.96 points, or 0.31%, to 7,721.02, while the Dow Jones Industrial Average dropped 129.30 points, or 0.25%, to 52,345.80.
The decline was driven largely by technology stocks, as disappointing earnings from Alphabet renewed concerns over returns on heavy artificial intelligence investments.
Source: Emirates News Agency
