Wall Street Falls on AI Pressures and Oil Spikes
Wall Street closed sharply lower as renewed pressure on AI-related technology stocks and rising oil prices spooked investors heading into the weekend. The Nasdaq led the declines while energy stocks gained.
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Wall Street fell sharply on Friday afternoon, with the S&P 500 declining 1.09% to 7,659.44 points as tech stocks and rising oil prices weighed on markets. The downturn was led by renewed pressure on artificial intelligence infrastructure assets heading into the weekend. The S&P 500 dropped nearly 1.95% for the week, marking its deepest weekly decline since June.
