The Korea Times
NEW YORK — The U.S. stock market is slipping Thursday after oil prices resumed their climb. The S&P 500 fell 0.3 percent and is on track for a fourth drop in five days after setting its all-time high. The Dow Jones Industrial Average was down 83 points, or 0.2 percent, as of 1:01 a.m. Eastern time, and the Nasdaq composite was 0.4 percent lower. A halt in the torrid run for stocks benefiting from the artificial-intelligence boom has slowed the U.S. market recently. Not even another better-than-expected profit report from Nvidia was enough to kick it back into gear. The chip company reported stronger profit and revenue for the latest quarter than analysts expected, while also forecasting revenue for the current quarter that cleared analysts’ estimates. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” CEO Jensen Huang said. But such performances and such talk have become routine, and Nvidia's stock swiveled between losses and gains before falling 1.4 percent. Some analysts said the weakness may have
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