Stocks Edge Lower as Big Tech Drags Market Down; NYT Sues Over AI Chatbots
• Stocks drifted lower on Wall Street as trading remains light ahead of the New Year holiday • Losses for some big tech companies like Apple and Alphabet weighed down the market • Several biotech companies made big stock moves on updates about drug development • The New York Times rose after filing a lawsuit against OpenAI and Microsoft over chatbots • Major indexes are still on track to post strong annual gains, with inflation cooling from highs