Wall Street's main indexes opened lower on Thursday, as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while another jump in oil prices linked to the widening Middle East conflict further dampened sentiment.The Dow Jones Industrial Average fell 463.0 points, or 0.89%, at the open to 51755.54. The S&P 500 fell 80.7 points, or 1.08%, at the open to 7418.29, while the Nasdaq Composite dropped 445.4 points, or 1.73%, to 25245.542 at the opening bell.
US stocks today: Nasdaq plunges over 1.5% as Big Tech earnings rekindle AI spending worries
Wall Street opened sharply lower as investor sentiment weakened on renewed concerns over heavy AI spending following Big Tech earnings. Rising oil prices tied to escalating Middle East tensions added pressure. Major indices including the Dow, S&P 500, and Nasdaq posted steep early losses, reflecting risk-off mood across global markets.
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