Wall Street pulled further from its all-time high as AI stocks got back to sinking. The S&P 500 fell 0.7% Tuesday for a third straight modest loss since setting its all-time high on Thursday. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite sank 1.3%. Nvidia, Micron Technology and Broadcom were some of the heaviest weights on the market amid criticism that their prices shot too high in the frenzy around AI. Treasury yields held relatively steady in the bond market, while stock indexes were mixed in Europe and Asia.

Wall Street finished just shy of a record after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month. The S&P 500 added 0.3% Wednesday for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average fell less than 0.1%, and the Nasdaq composite climbed 0.5%. Stocks like Nvidia and Super Micro Computer helped lead the way on signals that businesses continue to spend big dollars on AI infrastructure. Treasury yields eased following the latest inflation data.

Meta Platforms has released a new AI model for developers, emphasizing open-source access. CEO Mark Zuckerberg warned Monday in an online essay against concentrating advanced AI under a few companies or governments. The new model, Muse Glimmer, includes a permissive open-source license, allowing broader use. Zuckerberg argues that open-source AI promotes fair development and helps keep the U.S. competitive. He cautions that AI controlled by select entities could lead to unfavorable outcomes. Zuckerberg also addressed concerns about "distillation," a method some accuse Chinese companies of using to extract technical features from U.S. AI models. He said he believes learning from observations is crucial for progress.

Stocks held close to their records on Wall Street, while oil prices were relatively steady. The S&P 500 slipped 0.2% Wednesday from the all-time high it set a day earlier. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite lost 0.8%. SpaceX sank after increasing its spending on artificial intelligence. The Walt Disney Co. rose after reporting results that beat analysts’ forecasts, helped by “Toy Story 5.” European markets were mixed. Treasury yields slipped in the bond market. The price of Brent crude was little changed at about $79 a barrel.

U.S. stocks rallied to the edge of their all-time high after easing oil prices helped calm Wall Street’s worries that inflation could get even worse. The S&P 500 jumped 1.5% Monday and is just 0.1% below its record set earlier this summer. The Dow Jones Industrial Average rose 1.3% to an all-time high, and the Nasdaq composite climbed 2.1%. Brent crude's price fell 4.7% after President Donald Trump said he would hold off on ordering new strikes against Iran. That helped Treasury yields to fall in the bond market. Stocks of airlines and other companies with big fuel bills rallied.

U.S. stocks rose to the finish of a wild July as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation. The S&P 500 climbed 0.7% Friday after veering between gains and losses through the day. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite jumped 1%. Amazon soared after delivering a stronger profit for the spring than analysts expected, suggesting its big AI investments may be paying off. Apple dropped after giving a lackluster forecast for upcoming revenue growth. Treasury yields climbed as worries built in the bond market about inflation potentially remaining high.