US stocks end sharply lower as AI shares slide and oil prices jump
US stocks ended sharply lower Friday as AI-related technology shares fell and oil prices jumped over 3% on Middle East supply worries, with the Nasdaq dropping 2.15%. Concerns that debt-laden AI infrastructure firms may fail to profit before repaying debts pressured stocks like CoreWeave, whose bonds yields exceeded 15%, and Broadcom, as the PHLX chip index fell for an eighth straight day. Investors also weighed possible lower valuations for Anthropic's upcoming IPO. The S&P 500 fell 1.10% to 7,658.62, while the Dow lost 0.36%. Inflation reports this week suggested price pressures beyond energy, with markets expecting the Fed to hold rates this month and Barclays predicting hikes in December and January. Tesla dropped after unveiling a redesigned Roadster.