S&P 500 ends lower as Dell and Nvidia drop

The S&P 500 declined 0.64% to end the session at 6,460.26 points. The Nasdaq declined 1.15% to 21,455.55 points, while the Dow declined 0.20% to 45,544.88 points.

NEW YORK: The S&P 500 ended down from record highs on Friday, with losses in Dell, Nvidia and other AI-related stocks, while investors parsed inflation data showing tariffs have started feeding into prices.

Dell tumbled almost 9% and was among the deepest decliners in the S&P 500 after high manufacturing costs for AI-optimised servers and intensifying competition overshadowed the company's bullish demand forecast for artificial intelligence infrastructure.