New York stocks fall as global market turmoil persists

Stock market turmoil continued Friday as New York's Dow Jones fell 1.1 percent and S&P 500 dropped 0.4 percent, extending Thursday's sharp tech losses amid investor fears over massive AI investment costs. European markets also declined, with Frankfurt down over one percent and STOXX 600 falling 0.75 percent. Norway was an exception, staying neutral on higher energy prices before rising 0.6 percent as oil topped 116 dollars. Nasdaq initially fell 0.4 percent but turned slightly positive after gains in Nvidia, Microsoft, and Broadcom. The Norwegian oil fund has dropped significantly in recent days.