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Stock market today: S&P 500, Nasdaq snap 2-week win streak as AI jitters pressure tech

Major U.S. indexes declined as investor concerns over artificial intelligence pressured technology stocks. The Nasdaq experienced a multi-day losing run, while chip stocks continued to slide. Market sentiment was further dampened by reports of a delayed OpenAI IPO.

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What changed

The S&P 500 and Nasdaq snapped a two-week winning streak due to AI-related volatility.

Live updates

  1. S&P 500 and Nasdaq End Two-Week Win Streak as AI Jitters Hit Tech

    Major U.S. indexes declined as investor concerns over artificial intelligence pressured technology stocks. The Nasdaq experienced a multi-day losing run, while chip stocks continued to slide. Market sentiment was further dampened by reports of a delayed OpenAI IPO.

    What's confirmed:

    • The S&P 500 and Nasdaq ended a two-week winning streak.
    • AI-related chip stocks tumbled, contributing to a lower close for Wall Street.
    • The Nasdaq posted a losing run of at least four days.

    Still unconfirmed:

    • The S&P 500 slipped 0.2% on Wednesday, July 1, 2026.
    confidence 80%