Technology stocks are sliding worldwide after leaders of the artificial-intelligence industry warned a slowdown is needed for safety, while another jump in oil prices is pressuring financial markets.The S&P 500 fell 0.8% in the early going Monday and was on track for its fifth loss in six days. The Nasdaq composite, which has many more tech stocks, tumbled 1.2%. The Dow Jones Industrial Average slipped 130 points.Nvidia, whose chips are helping to train AI models, sank 3.8% and was the heaviest weight on the market.The price of Brent crude jumped 3.8% to $108.74 a barrel.
US stocks today: Nasdaq falls 1% at open on warnings about AI as Brent price jumps
US tech stocks fell sharply on Monday as AI industry leaders called for a slower pace of development over safety concerns. The Nasdaq dropped 1.2%, while the S&P 500 fell 0.8%. Nvidia slid 3.8%, weighing heavily on the market, as Brent crude jumped 3.8% to $108.74.
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