GK and monthly revision

US Stock: S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount

On a recent Tuesday, the S&P 500 and Nasdaq indices closed at over a week's low, primarily due to a significant selloff in semiconductor stocks. This decline was driven by investor concerns regarding debt-fueled spending on artificial intelligence (AI) and expectations of a more aggressive monetary policy from the U.S. Federal Reserve. The market is now anticipating a higher probability of a second interest rate hike by December, highlighting the interconnectedness of global markets and investor sentiment.