Wall Street Opens Lower on AI Jitters
Wall Street indexes opened lower as growth stocks faced renewed pressure following earnings from Tesla and Meta. Meanwhile, a rebound in oil prices added further jitters to the broader market.
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Wall Street opened lower during Thursday morning trading as growth stocks retreated following earnings reports from TESLA INC and META PLATFORMS INC-CLASS A that fueled doubts over the artificial intelligence outlook. The decline was accompanied by rising energy costs as West Texas Oil rebounded. The downturn hit technology shares hardest, dragging major indices down from previous levels.
