Tech Stocks Plummet Amid AI Warnings as Oil Prices Soar

The stock market took a hit on warnings about artificial intelligence, with major indices showing losses. The S&P 500 fell 0.6%, while the Nasdaq composite dropped 0.9%. The Dow Jones Industrial Average was down 159 points, or 0.3%, as of 10:20 a.m. Eastern time.

Despite the decline in tech stocks, some areas showed gains, limiting the overall losses on Wall Street. This helped the S&P 500 from falling further, with more stocks rising than falling within the index.