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Barchart
Rich Asplund

Stocks See Continued Downward Pressure from AI Anxiety and Oil Prices

S&P Nasdaq Stock Market Oil Artificial Intelligence Anxiety United States NQZ26 QQQ SLB

The S&P 500 Index ($SPX) (SPY) is down -0.45%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.08%. December E-mini S&P futures (ESZ26) are down -0.43%, and December E-mini Nasdaq futures (NQZ26) are down -0.02%.

The US stock market remains on the defensive today after Thursday’s sharp risk-off sell-off, which saw the S&P falling -1.2% and the Nasdaq 100 falling -2.9%. Investors dumped chip and AI-related stocks on Thursday as anxiety continues about whether the AI theme will pan out from a profitability standpoint.

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