NEW YORK (AP) — Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology .

The S&P 500 slipped 0.7% and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was down 48 points, or 0.1%, as of 1:11 p.m. Eastern time, and the Nasdaq composite was down 1.5%.

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