Wall Street slides as inflation and AI stock worries persist

Wall Street continued its decline at Thursday's opening, driven by persistent inflation and falling AI-related stocks. The Dow Jones rose 0.5 percent, but the S&P 500 fell 0.5 percent and the Nasdaq dropped 1.1 percent. September's tough inflation figures, released earlier this week, have heightened fears that the US central bank may soon raise interest rates. Additionally, several AI-linked stocks opened weakly, with concerns spreading that semiconductor and memory chip makers are overvalued and heavily indebted, according to CNBC. Earlier Thursday, Asian markets, especially in South Korea, closed sharply lower, with similar worries about rates and AI companies dampening investment appetite. These factors continue to weigh on global investor sentiment.