US STOCKS SNAPSHOT-Wall St falls at open as Alphabet results reignite AI spending fears

By Reuters Newsan hour ago Updated

Oct 29 (Reuters) - US stocks opened lower on Thursday as Alphabet's results rekindled worries about soaring AI costs, while investors assessed fresh inflation data following the Federal Reserve's decision to keep interest rates unchanged.

The Dow Jones Industrial Average .DJI fell 389.0 points, or 0.74%, to 52,086.13 at the open. The S&P 500 .SPX fell 44.4 points, or 0.57%, to 7,699.61, while the Nasdaq Composite .IXIC dropped 348.0 points, or 1.31%, to 26,201.823.

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