Shares of technology companies slipped as momentum faltered in the artificial-intelligence boom.

Nvidia traded at an all-time high.

Meta Platforms faces a European Union investigation into whether its Facebook and Instagram services do enough to protect minors under the bloc's new online-content law.

Chinese e-commerce giant posted a rise in quarterly profit, beating estimates as its core businesses grew despite fierce competition with peers such as Alibaba and PDD. Chinese antitrust regulators raised concerns about chip software maker Synopsys agreement to buy Ansys.

Chinese search engine rose after it posted quarterly earnings growth.

Write to Rob Curran at

(END) Dow Jones Newswires

05-16-24 1751ET