Mumbai, Aug. 19 -- Wall Street pulled further from its all-time high on Tuesday as AI stocks got back to sinking.

The S&P 500 fell 0.7% for a third straight modest loss since setting its all-time high on Thursday. The Dow Jones Industrial Average dipped 116 points (0.2%) and the Nasdaq composite sank 1.3%.

Micron Technology dropped 7% and the seller of computer memory was one of the heaviest weights on the S&P 500. So were chip companies Nvidia which fell 2.3% and Broadcom which sank 3.2%. Even with their recent swings such stocks remain big winners and Micron has more than tripled this year.

Meta Platforms fell 4.4% as opening statements began in a pivotal trial in a California federal court, where states are seeking billions of dolla...