Wall Street is sharply lower in late trade with AI stocks again weighing on the market while escalating tensions in the Middle East are casting doubt on when United States and Iran can reach a deal to reopen the Strait of Hormuz to oil tankers.

Wall Street is recovering some of its sell-off from Friday, as stocks swept up in the artificial-intelligence boom bounce back.

Wall Street is recovering some of its sell-off from Friday, as stocks swept up in the artificial-intelligence boom bounce back.