Wall Street retreat, led by Alphabet

The three major US stock indexes fell, with Alphabet Inc falling 7.7% after its new artificial intelligence chatbot, Bard, gave an incorrect answer in an online advertisement. Fed Chairman Christopher Waller said inflation looks set to continue to slow this year but the US central bank's battle to reach its 2% target could be a long battle as monetary policy tightening continues for longer than expected. The Dow Jones Industrial Average fell 207.68 points, or 0.61%, to 33,949.01 points, and the Standard & Poor's 500 index fell by 46.14 points, or 1.11%, to 4,117.86 points, and the Nasdaq Composite Index also fell 203.27 points, or 1.68%, to 11,910.52 points.