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Dow, S&P 500 and Nasdaq decline in final hour of trading as tech weakness drags markets lower

The Dow, S&P 500, and Nasdaq surrendered morning gains in late trading as semiconductor weakness and AI cost concerns dragged markets lower.

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The Dow, S&P 500, and Nasdaq surrendered morning gains in late trading as semiconductor weakness and AI cost concerns dragged markets lower.

US stocks closed lower as a global chip sell-off hit tech shares. The S&P 500 fell 1.3%, Nasdaq dropped 2%, while the Dow finished nearly flat.