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S&P 500, Nasdaq end sharply lower as revived AI doubts ignite tech selloff
- The S&P 500 fell 0.8% and the Nasdaq dropped 1.5% as technology and artificial-intelligence stocks sold off.
- Lam Research lost 7.7%, Meta Platforms fell 5.8%, and Nvidia declined 2.3% amid earnings reports.
- Brent crude rose 2.6% to $111.66 amid uncertainty about the war with Iran, while the 10-year U.S. Treasury yield fell as investors sought safety.
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261 Articles
261 Articles
Global crude oil prices surged more than 3% to $116.72 per barrel, the highest since late April, amid conflicts in the Middle East, while global stock markets experienced volatility.
Significant Spike in Oil Prices Hits Stock Market Hard
The recent surge in oil prices is causing turmoil in the stock market, raising alarms over rising inflation and the ongoing financial consequences of U.S. conflicts. This looming economic uncertainty is concerning for many investors.
·West Palm Beach, United States
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The ‘brent’ barrel scales to $116 in the absence of an agreement to end the war in the Middle East
·Madrid, Spain
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The AI boom continues to dominate Wall Street. However, the first euphoria is over - investors want to finally see the results of the horrendous AI investments. Meta is a warning example.
·Hamburg, Germany
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Coverage Details
Total News Sources261
Leaning Left40Leaning Right37Center68Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 28%
C 47%
R 25%
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