Wall Street's record-breaking rally slows as Alphabet drags on the market

Wall Street's record-breaking rally slowed as Alphabet's 2.7% drop weighed on markets, with the S&P 500 slipping 0.1% and the Dow falling 0.2%. Alphabet plans to raise $80 billion through stock sales to fund up to $190 billion in AI-related investments this year, raising concerns about the sustainability of AI-driven spending. Meanwhile, companies like Hewlett Packard Enterprise, Generac, and chipmakers Nvidia and Broadcom saw gains linked to AI demand.