Add as a preferred source on GoogleGlobal Stocks Fall as AI Spending Concerns and Higher Oil Prices Weigh
U.S., European and Asian indexes declined during the week. Most S&P 500 companies that had reported earnings beat per-share estimates, but the index still fell.
Global stock indexes fell during the week as U.S. technology shares sold off over concerns about the sustainability of increased artificial intelligence spending and higher oil prices amid Middle East tensions.
U.S. indexes ended the week lower, with European and Asian indexes also declining. Rising oil prices and escalating geopolitical tensions in the Middle East added to investor concerns. The declines extended concerns about AI spending and Middle East tensions across global markets.
Most S&P 500 companies that had reported earnings beat estimates for earnings per share, but the index still fell during the week.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.