Stocks sell off as Meta and Tesla lead AI trade lower and oil rises: Live updates
US stocks tumbled on Thursday as investors processed earnings reports from Meta and Tesla that failed to ease concerns surrounding artificial intelligence spending. The sell-off dragged down major indices, including the Dow Jones Industrial Average and the Nasdaq, while oil prices climbed above 112 dollars. Global markets also felt the pressure, alongside tumbling French bonds. Traders reacted to the dual headwinds of rising energy costs and renewed anxiety over tech sector valuations, reversing recent positive momentum across several exchanges.
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- ✓ US stocks sold off on Thursday as investors digested earnings from Meta and Tesla.
- ✓ Oil prices topped 112 dollars amid the market decline.
- ✓ Nasdaq futures dropped over 1 percent as artificial intelligence worries resurfaced.
What changed
Major stock indices dropped sharply as disappointing earnings from Meta and Tesla revived tech sector anxieties while oil prices increased.
Live updates
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Stocks Fall as Meta and Tesla Earnings Spark AI Worries and Oil Rises
US stocks tumbled on Thursday as investors processed earnings reports from Meta and Tesla that failed to ease concerns surrounding artificial intelligence spending. The sell-off dragged down major indices, including the Dow Jones Industrial Average and the Nasdaq, while oil prices climbed above 112 dollars. Global markets also felt the pressure, alongside tumbling French bonds. Traders reacted to the dual headwinds of rising energy costs and renewed anxiety over tech sector valuations, reversing recent positive momentum across several exchanges.
Why it matters
Market participants had experienced a brief period of optimism earlier in the week, driven by rallies in Tesla and SpaceX shares. However, the latest corporate updates from leading tech firms reintroduced doubts about the profitability and timeline of heavy AI investments. The concurrent surge in crude oil prices added macroeconomic strain, amplifying downside risks for equities worldwide.
What is confirmed
- US stocks sold off on Thursday as investors digested earnings from Meta and Tesla.
- Oil prices topped 112 dollars amid the market decline.
- Nasdaq futures dropped over 1 percent as artificial intelligence worries resurfaced.
Still unconfirmed
- French bonds tumbled alongside the broader slide in AI-related equities.
What to watch next
- Further movements in crude oil price levels
- Subsequent earnings reports and guidance from other major technology companies
confidence 100%Sources used for this update (13)
- www.cnbc.com — Stock market today: Live updates - CNBC
- CNBC — Stock futures fall as investors digest earnings from Meta and Tesla: Live updates
- WSJ — AI Stocks Slide After Earnings Disappoint; French Bonds Tumble and Oil Tops $112
- Reuters — Nasdaq futures drop over 1% as AI worries resurface, oil climbs
- Investor's Business Daily — Stock Market Today: Dow Falls As Oil Prices Jump; Meta, Tesla Slide On Earnings (Live Coverage)
- Hartford Courant — AI stocks tumble and drag down markets worldwide as oil prices climb
- www.businessinsider.com — Stock Market Today: Tech Sell-Off Sparked by AI Jitters ...
- finance.yahoo.com — Stock market today: S&P 500, Nasdaq tanks as tech stocks sink ...
- energynews.today — Stock futures sell off as Meta and Tesla lead AI trade lower ...
- jen.jiji.com — PD, Fina: "New 2xmille record, exceeded 11 million euro threshold"
- finance.yahoo.com — Update: US Equity Indexes Mixed Amid Sliding Technology Mega ...
- economictimes.indiatimes.com — US stocks today: US stocks slide as AI spending jitters hit ...
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