Stocks
Stock Market Falls as Energy Costs and AI Fears Weigh on Indexes
The stock market experienced a decline on September 15 as concerns over high energy costs and AI scaling pressure weighed on indexes. The Dow Jones Industrial Average fell 0.88% to 51,962, while the Nasdaq Composite dropped 0.73% to 25,996. The S&P 500 traded 0.45% lower at 7,586.
Gold prices slipped 0.33% to $4,286.84, and the 10-Year Treasury yield rose 0.03% to 4.99%. Communication stocks outperformed, while industrials and consumer cyclicals showed weakness.
Nvidia, Intel, and Micron Technology gained slightly as investors reassessed AI doomsday scenarios. However, cryptocurrency stocks including Coinbase Global and Robinhood Markets fell ahead of a Senate vote on key legislation.