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US stocks drop as investors try to separate AI losers from winners

NEW YORK (AP) — U. S. stocks are dropping Thursday as the market splits further between perceived losers and winners from the rush into artificial-intelligence technology. The S&P 500 fell 1% after erasing an early gain that brought it just below its all-time high. The Dow Jones Industrial Average was down 494 points, or 1%, as of 11:45 a. m. Eastern time, and the Nasdaq composite was 1. 5% lower. AppLovin tumbled 18. 1% despite reporting a stronger profit for the latest quarter than Like AI...

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