S&P 500 ends lower, AI stocks buoy Nasdaq
The Economic Times·2026-01-08 01:55

Drops in the S&P 500 and Dow Jones Industrial Average followed intraday record highs earlier in the session. Shares of housing acquisition companies tumbled after President Donald Trump said he was moving to ban Wall Street investors from buying single-family homes, in a bid ‌to reduce home ‌prices. Blackstone and Apollo Global Management dropped more than 5%, contributing to a 1.4% decline in the S&P 500 financials index. American Homes 4 Rent fell 4.3%. Real estate platform Zillow moved over 2% higher. J ...