US markets set to open lower as AI stocks slide and oil tops $100
S&P 500 and Nasdaq futures fell as investors weighed AI financing costs, while US crude topped $100 a barrel on supply concerns.
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10 Articles
(Seoul=Yonhap News) Yonhap Informax Reporter Yoon Jung-won = The three major stock indices of the New York Stock Exchange started mixed amid continuing artificial intelligence (AI) unease and a rebound in oil prices...
Doubts about the financing of the AI boom put tech shares under pressure. At the same time, the rise in oil prices fuel interest rates. Investors are waiting for the balance sheets of large US technology companies.
US stocks today: US stocks open lower as AI stocks decline, oil prices rise
Wall Street opens lower as renewed weakness in AI-linked stocks and higher oil prices weigh on the major indexes. The Dow Jones slips 0.01%, while the S&P 500 falls 0.15% and the Nasdaq drops 0.37%. Investors remain cautious ahead of major corporate earnings reports due this week.
In the US, technology stocks started off lower on Tuesday, but soon turned to a slight rise. Investor concerns about financing for artificial intelligence investments appeared to return. Healthcare companies supported the Dow Jones, and safe-haven investors bought US government bonds.
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