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Wall Street slips after a morning rally evaporates as some of the market’s AI darlings drop

By STAN CHOE, AP Business Writer
Published: August 7, 2024, 1:43pm

NEW YORK (AP) — U.S. stocks slumped Wednesday after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week.

The S&P 500 slipped 0.8% after an earlier jump of 1.7% petered out. The Dow Jones Industrial Average fell 234 points, or 0.6%,

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