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The Independent UK
The Independent UK
Business
Stan Choe

Wall Street suffers major losses as AI stocks tumble and oil prices jump

Wall Street experienced a significant downturn on Tuesday, primarily driven by a sharp decline in artificial intelligence (AI) stocks, a trend that rippled across global markets.

Despite a majority of stocks within the S&P 500 seeing gains, the benchmark index ultimately fell 0.6%, while the tech-heavy Nasdaq dropped 1.2% by mid-morning Eastern time.

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