The Nasdaq Composite index experienced a significant decline today, falling 2% as investor concerns over artificial intelligence spending weighed on technology stocks. This downturn contributed to a broader slide across Wall Street.
Adding to market jitters, oil prices surged to their highest level since May, driven by rising Mideast tensions. This increase in energy costs further prompted investors to retreat from mounting risks.
The combination of sinking AI-related stocks and rebounding oil prices led major stock indexes lower worldwide. This is a developing story and will be updated as details emerge.
