Wall Street Mixed as AI Stocks Slump, Nasdaq Falls 1.07%

US equities closed mixed on November 2, with the Nasdaq falling 1.07% following a 2.86% drop on Friday, while the Dow gained 0.41%. AI-related stocks remain under pressure as investors question tech giants' profitability, overshadowing the positive effect of lower crude oil prices. The divergence between tech weakness and traditional value strength suggests a rotation, but the sustainability of the AI selloff is uncertain.

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