Economic TimesLean R·
Why US stocks are falling: Dow Jones crashes over 700 points as AI selloff, SpaceX fears hit markets
US stocks experienced a decline as AI related shares continued to selloff significantly over the week. The Dow Jones Industrial Average fell markedly, affecting overall investor sentiment in the market. Concerns regarding competition from SpaceX led to drops in major telecom stocks such as AT&T and Verizon. Meanwhile, energy stocks achieved record highs as oil prices rose amid ongoing supply concerns.
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