The U.S.stock market experienced a decline on Thursday, with the S&P 500 losing 0.51% and the Nasdaq Composite dropping 1.47% amid a sell-off in technology stocks.The Dow Jones Industrial Average fell 0.20%, reflecting broader market weakness.Key factors included a delay in Alphabet's Gemini 3.5 Pro AI model, which contributed to a 4% drop in its shares, and a broader sell-off in semiconductor stocks.

Taiwan Semiconductor Manufacturing Company (TSMC) raised its capital expenditure forecast to $60-$64 billion, but its shares fell over 4% as investors reacted to the news.Other tech giants like Micron Technology, Advanced Micro Devices, and Broadcom also saw significant declines.Despite strong earnings reports from 87% of S&P 500 companies, the tech sector's underperformance overshadowed positive results.The Federal Reserve's Dallas Fed President Lorie Logan called for modestly higher interest rates to address persistent inflation concerns.Meanwhile, retail sales and jobless claims showed mixed results, with retail sales meeting expectations and jobless claims falling below forecasts.The article highlights the complex interplay between corporate earnings, AI development, and macroeconomic indicators shaping market sentiment.