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2026.06.0915:25:15UTC+00Tech Stocks Come Under Fresh Selling

US stock market indices experienced a dip on Tuesday, reflecting a continued shift away from tech-heavy shares following a temporary halt the previous day. The S&P 500 and the Nasdaq 100 declined by 0.5% and 1% respectively, while the defensive-leaning Dow remained steady, showing negligible change. This recent fall in AI company stocks underscores ongoing suspicion that the recent surge in share prices for chip and data center manufacturers might be overplayed, despite consistent indications from huge-scale IT infrastructure companies that these resources are crucial for running their models.

OpenAI and Anthropic made the latest moves in the market. OpenAI is preparing for an IPO and Anthropic is accumulating more funds through private credit. Leading tech companies such as Nvidia, Oracle, and AMD experienced losses ranging from 1% to 3%. In addition, Apple shares dropped by 3% as its latest Siri AI assistant will not be launched in the EU due to regulatory obstacles related to competition laws.

On a brighter note, broader sectors saw a rise as decreased energy costs gave some relief to Treasury bonds. Leading the rally were asset management firms, with Blackstone and KKR stocks increasing by 5%.

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