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S&P 500 Index Declines Amid Tech Valuation Concerns

The Motley Fool +1 · ·by G4L

  1. 1As of Monday's close, the S&P 500 index has recorded a decline of more than 3% over the past month.
  2. 2In March, the S&P 500 index fell approximately 5.1%, dropping to a level slightly above the March year-to-date low of 6,300.
  3. 3High valuations for tech stocks and excessive spending on artificial intelligence are raising concerns again.

So what's the key point?

The S&P 500 index has fallen by more than 3% in one month. There are concerns that tech stocks are expensive relative to their earnings and that too much money is being spent on artificial intelligence.

Source The Motley Fool +1 · View original ↗

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