The stock market turned to an old trick to kick off 2026 trading, but early gains didn’t last long.
The Dow Jones Industrial Average was down 140 points, or 0.3%, while the S&P 500 was flat. The Nasdaq Composite was up 0.2%.
The S&P and Dow struggled to hold onto early gains, but the S&P was still flat even though a majority of the stocks in the index were down on the day. Enter the AI trade.
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