# US Stocks Drop as AI Worries Persist

> Nasdaq falls 1.07% amid AI spending concerns and falling oil prices.
- Title: US Stocks Drop as AI Worries Persist · The Economic Times
- Summary: 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…
- Keywords: nasdaq, s&p 500, dow jones, apple, oracle, ai spending, oil prices, us stocks, money, business, Stocks, Drop
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/us-stocks-today-nasdaq-ends-over-1-lower-as-ai-worries-persist/articleshow/135474287.cms
- Published: 2026-11-02T21:20:00+00:00
- Read time: 1 min
- Topics: nasdaq, s&p 500, dow jones, apple, oracle, ai spending, oil prices, us stocks, money, business
## 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.
## Key takeaway

US stocks closed lower with Nasdaq down 1.07% as AI investment worries and falling oil prices weighed on markets.