Wall Street indexes closed lower with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields.
#News #Reuters #Newsfeed #unitedstates #nasdaq #wallstreet
Read the story here: https://reut.rs/44KU7xy
👉 Subscribe: https://reut.rs/4b8fRGn
Keep up with the latest news from around the world: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on X: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
Tesla Plunges $200B as Tech Sells Off
- Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’ MarketWatch —
- Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Bloomberg —
- ASX set to slump as oil surges over $US100, Tesla and Alphabet tumble The Age —
- Tesla stock suffers double-digit drop on carmaker’s worst day in years The Guardian —
- Earnings at Musk's Tesla fall as spending on research cuts into profit from selling cars PBS —
Wall Street falls as tech earnings spark AI spending worries
Reuters
— — 1min