Wall Street falls as AI stocks slide and oil prices climb

invezz.com (Swedish) —

Wall Street closed sharply lower on Friday as renewed selling in artificial intelligence-related stocks and rising oil prices weighed on investor sentiment, with the Nasdaq Composite falling over 2% and the Dow Jones Industrial Average dropping 189 points. The S&P 500 lost 1.1% amid concerns over AI infrastructure debt, persistent inflation, and Federal Reserve rate outlooks. Oil prices surged nearly 4% on geopolitical supply risks, while the Cboe Volatility Index rose above 22 for the first time in four months. CoreWeave shares plunged 13% as its debt exceeded $51 billion and bond yields topped 15%, highlighting worries about AI companies' ability to service debt. Energy stocks like Chevron gained, while investors await Fed decisions and upcoming earnings from Tesla and Meta.


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