Google Struggles Continue to Drag Down US Stock Markets

US stock markets ended the day in negative territory, weighed down by Google's continued struggles. The tech giant fell another 3.5%, following a shakeup among its top people in AI and technology last week. This has raised concerns about a broken culture at the company, which is trying to catch up with others in the field.

The market also digested earnings reports and AI developments, including $500 billion in fundraising for asset managers. While this led to gains for some companies, such as KKR and Apollo, it also sparked questions about who will pay for these investments.

Oil prices managed to end the day 1.6% higher, despite initial selling pressure due to Pakistani headlines about a potential deal. However, the S&P 500 closed with back-to-back losses, although market participants seem reluctant to hit the panic button.