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More drops for AI and tech stocks overshadow gains for most of Wall Street

NEW YORK (AP) — A morning rally for U. S. stocks petered out on Monday as the tech and AI industries remained shaky following their sell-off last week. The S&P 500 sank 0. 5% after erasing a gain that had reached 1. 1% early in the day. The Dow Jones Industrial Average rose 213 points, or 0. 4%, while the Nasdaq composite fell 1. 1%. The mixed performance for indexes came even though the majority of stocks within the S&P 500 climbed. They benefited from a 7. 6% drop for the price of a barrel...

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