Commodities
AI Fears Weigh on Tech Stocks as Oil Prices Surge
Tech stocks took a hit on Wall Street as fears about AI overshadowed gains in other sectors. The S&P 500 fell by 0.6%, with more stocks rising within the index than falling.
The Nasdaq composite, which has a high concentration of tech stocks, dropped a market-leading 0.9%. Meanwhile, the Dow Jones Industrial Average declined by 159 points or 0.3% as of 10:20 a.m. Eastern time.
Brent oil's price jumped above $108, further weighing on investors' minds.