U.S. stock futures were near the flatline on Thursday evening after a rough day for markets as big tech earnings and a sharp jump in oil prices ...
Major stock indices fell hard due to a rise in concerns about growing AI spending following earnings reports from Tesla (TSLA) and Alphabet (GOOGL). Also, Brent crude topped $100 a barrel for the first time in two months. The Nasdaq, the S&P 500, and the Dow dropped 2.2%, 1.2%, and 1%, respectively.
The major indices are now on track for weekly losses. The Dow, the S&P 500, and the Nasdaq are down 0.8%, 0.7%, and 1.5%, respectively.
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