From The Economic Times · · 50s
US Stocks Drop as AI Worries Persist
Nasdaq falls 1.07% amid AI spending concerns and falling oil prices.
In brief
Nasdaq falls 1.07% amid AI spending concerns and falling oil prices. US stocks closed lower with Nasdaq down 1.07% as AI investment worries and falling oil prices weighed on markets. Originally reported by The Economic Times.
Wall Street Mixed
Wall Street ended Monday's session on a mixed note with S&P 500 and Nasdaq closing lower.
Nasdaq Falls 1.07%
Nasdaq Composite declined 272.68 points, or 1.07%, to 25,164.32.
Apple Shares Drop
Apple shares slipped ahead of quarterly earnings report as memory chip costs rise.
Oracle Shares Fall
Oracle shares fell after plans to raise $20 billion through debt and share sale.
Oil Prices Drop
Falling crude prices provided relief after Iran signaled openness to peace talks.
Market Concerns
Investors weigh AI spending concerns and falling oil prices ahead of US elections.
The main idea
US stocks closed lower with Nasdaq down 1.07% as AI investment worries and falling oil prices weighed on markets.
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