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The Economic Times
The Economic Times
Business

US stocks today: US stocks fall as Big Tech earnings rekindle AI spending worries; oil hits $100

United States Oil Alphabet Tesla Inc. Nasdaq Inflation Middle East US Federal Reserve

U.S. stock indexes hit multi-week lows on Thursday, as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings, while oil prices touched the $100-a-barrel mark following the widening Middle East conflict.

Second-quarter results from Alphabet and Tesla , the first of the so-called "Magnificent Seven" megacap companies to report this ‌season, failed to ⁠impress investors.

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