Economic TimesLean R·
US stocks today: US stocks fall as Big Tech earnings rekindle AI spending worries; oil hits $100
US stock markets faced a sharp downturn on Thursday, primarily driven by worries around Big Tech earnings. Following their quarterly financial disclosures, shares of Alphabet and Tesla fell sharply. Meanwhile, due to rising tensions in the Middle East, oil prices surged to $100 a barrel, reigniting worries about inflation and prompting speculation of impending rate hikes. This turmoil resulted in notable declines for the Dow, S&P 500, and Nasdaq indexes.
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