Key facts
- US stocks opened lower on Thursday.
- Alphabet's results raised concerns about AI spending costs.
- Investors assessed fresh inflation data.
- The Federal Reserve kept interest rates unchanged.
US stocks opened lower on Thursday as Alphabet's results rekindled worries about soaring AI costs. Investors also assessed fresh inflation data following the Federal Reserve's decision to keep interest rates unchanged. The Dow Jones Industrial Average fell 389.0 points, or 0.74%, to 52,086.13 at the open. The S&P 500 fell 44.4 points, or 0.57%, to 7,699.61, while the Nasdaq Composite dropped 348.0 points, or 1.31%, to 26,201.823.