AI Stocks Drag Markets Down Worldwide as Oil Prices Climb to Their Highest Since May

Keywords

AI investmentoil pricesIrantech stocksNasdaq

Open a keyword to see other news on the same topic.

Related tickers and likely impact

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

• U . S . stocks join global retreat as war drums start beating again

  U.S. stocks, except the Dow, fell sharply on Thursday, dragged down by a sell-off in technology shares. The S&P 500 dropped 93.78 points (1.21%) to 7,663.39, and the Nasdaq Composite lost 694.00 points (2.60%) to 26,008.86, while the Dow Jones gained 10.76 points to 52,866.85. Oil prices rose again after reports that Israel and the United States plan to resume bombing Iran after the midterm elections, and demand for Treasury bonds surged. Most markets in Asia and Europe also closed lower, with Hong Kong's Hang Seng down 3.03% and Japan's Nikkei 225 down 2.65%, while Brussels' BEL 20 rose 1.97%.

  australiannews.net·23/10, 01:00▼ QQQ▼ SPY▲ XAU/USD▼ BTC/USDTIranoil pricestech stocks
• Nasdaq dives 2 . 6 % as U . S . and Israel gear up for more attacks on Iran

  U.S. stocks other than the Dow fell on Thursday, led by a sell-off in technology shares, after reports that Israel and the United States plan to resume bombing Iran after the midterm elections sent oil prices higher. The Nasdaq Composite was hit hardest, dropping 694.00 points, or 2.60%, to 26,008.86, while the S&P 500 fell 93.78 points, or 1.21%, to 7,663.39. The Dow Jones Industrial Average edged up 10.76 points, or 0.02%, to 52,866.85. Demand for Treasury bonds spiked, pushing prices up and yields down. Most markets in Asia and Europe also closed lower, with Hong Kong's Hang Seng down 3.03%, Japan's Nikkei 225 down 2.65%, South Korea's KOSPI down 3.52% and Germany's DAX down 1.07%; Brussels' BEL 20 was a rare gainer, up 1.97%.

  singaporestar.com·23/10, 01:00▼ QQQ▼ SPY▲ XAU/USD▼ BTC/USDTNasdaqtech stocksIran
• Nasdaq dives 2 . 6 % as U . S . and Israel gear up for more attacks on Iran

  On Thursday, U.S. stocks other than the Dow fell, led by a sell-off in technology shares. The S&P 500 dropped 93.78 points to 7,663.39 (-1.21%), while the NASDAQ Composite posted the sharpest loss, down 694.00 points to 26,008.86 (-2.60%); the Dow Jones Industrial Average edged up 10.76 points to 52,866.85 (+0.02%). Oil prices jumped after reports that Israel and the United States plan to resume bombing Iran after the midterm elections, and demand for Treasury bonds spiked, pushing yields lower. Markets in Europe and Asia also closed mostly lower, with Hong Kong's HANG SENG INDEX down 3.03% and South Korea's KOSPI down 3.52%, while Belgium's BEL 20 rose 1.97%. Against the U.S. dollar, the euro and Australian dollar weakened, while the yen, pound, Canadian dollar and Swiss franc strengthened.

  milwaukeesun.com·23/10, 00:15▼ QQQ▼ NVDA▼ SPY▲ XAU/USDNasdaqIranoil prices
• ​​​​​​​MARKETS LIVE : Wall Street ends volatile week with tech sell - off

  Wall Street ended a volatile week lower on Friday as selling in technology stocks pushed the Nasdaq Composite down 2.1% to 26,140, with the S&P 500 down 1.1% to 7,659 and the Dow off 0.3% at 52,002. For the week, the Nasdaq lost 4.5%, its worst weekly performance since late June, while the Dow gained 0.7% as investors rotated out of tech. Brent crude touched $110 a barrel for the first time since May as Iran escalated attacks in the Strait of Hormuz. Netflix is replacing its chief content officer after announcing layoffs affecting 6% of its workforce, and Anthropic is reportedly valued by some investors at about $1.5 trillion ahead of its November IPO, below earlier expectations of $2 trillion.

  proactiveinvestors.com·16/10, 21:00▼ NVDA▼ QQQ▼ AAPL▼ AMZNWall StreetNasdaqtech stocks
• U.S. stock futures steady after Nasdaq posts worst day since June

  U.S. stock futures were little changed after Wall Street ended sharply lower, with the Nasdaq Composite falling 2.6% to 26,008.86 points, its steepest daily decline since June, on concerns about the cost and financing of AI investments. The S&P 500 lost 1.2% to 7,663.43, while the Dow Jones Industrial Average ended flat at 52,867.98 as investors moved toward more defensive sectors. Meta Platforms shares dropped nearly 7% after the company reported its first cash outflow in more than a decade, driven by AI-related spending, and Tesla fell about 3.1% after cutting its 2026 capital expenditure forecast. The Philadelphia Semiconductor Index dropped 6.7%, and Brent crude rose 4% to $113.17 a barrel, while the 10-year U.S. Treasury yield fell nearly 20 basis points to around 4.95%.

  Yahoo Finance·23/10, 00:53▼ QQQ▼ SPYNasdaqAI investmentbonds
• Nasdaq 100 Clocks Worst Day In Four Months As Investors Grow Weary Of Capex, Elevated Debt — META, SPCX, BE, MRNA In Focus

  The S&P 500 fell 1.2% and the Nasdaq 100 slid 2.9% as investors grew wary of large hyperscalers' surging capex and geopolitical tensions lifting oil prices. Semiconductor ETFs dropped between 6% and 7%, while Meta shares eased about 6% after negative free cash flow of $2.12 billion and an updated capex plan that raised the spending floor from $130 billion to a range of $135 billion to $145 billion. Brent crude rose 4% to $113.17 a barrel after reports that U.S. and Israeli forces are preparing possible action against Iranian sites after the midterm elections. Moderna shares slumped about 18% after melanoma vaccine trial data leaked ahead of its planned announcement and fell short of high expectations. Datadog is reportedly pursuing an acquisition of cloud security startup Upwind, and Elon Musk has reportedly invested about $1 billion in Skydance.

  Yahoo Finance·22/10, 23:44▼ QQQ▼ META▼ SPY▼ NVDAAI investmenttech stocksoil prices

Related markets

US stocks →Crypto →Vietnam stocks →

Latest news

• Financial System Report (October 2026)

  The Bank of Japan's October 2026 Financial System Report assesses that the system remains broadly stable: banks have enough capital and stable funding to withstand a global financial crisis-level stress or a compound shock of higher oil prices, weaker AI expectations and a sharp rise in interest rates. Close monitoring is warranted for the Middle East, the profitability and financing of AI investment, and foreign non-bank financial intermediaries (NBFIs). Stock prices remain above trend, though P/E ratios are broadly around their average levels since 2008 as expected earnings rise. Longer term, declining loan demand from population decline could weaken bank profits and loss-absorbing capacity, raising the risk of either contraction or overheating in lending. The report also examines the effects of energy and raw material prices and rate hikes on SMEs and households, and cybersecurity threats from frontier AI.

  Bank of Japan·23/10, 06:00Japanbanksinterest rates
• If the AI Bubble Bursts, These Stocks Will Be Winners

  AI-linked stocks fell again: CoreWeave dropped to its lowest level since shortly after its IPO as its bond yields reached as high as 15%, the Nasdaq Composite fell 2.6% on Thursday, and Meta tumbled 7% despite strong earnings after posting its first quarter of negative free cash flow in its history amid surging AI infrastructure spending. The 10-year yield fell 3.8% to 4.95%, its first time below 5% in a month, and is down 7% over two weeks, which may reflect a shift from stocks into bonds. Homebuilder stocks rose, with the State Street SPDR S&P Homebuilders ETF (XHB) up 3.8%, and Pool Corporation, RH, and Lennar gaining 14.4%, 9.5%, and 9%. Investors now see a 93% chance the Fed holds rates at 375-400 basis points, after weak September jobs growth and cooler-than-expected August PCE inflation. The author sees this as another sign that investors are looking for the next set of winners after AI.

  Yahoo Finance·23/10, 05:50▼ NVDANVDAartificial intelligencebonds
• Alkane Resources - Quarterly Report - September 2026

  Alkane Resources' quarterly report for the September 2026 quarter (Q1 FY27) shows gold-equivalent production of 40,740 AuEq oz at an AISC of $2,805/AuEq oz, with mine operating cash flow of $102 million and gold-equivalent sales of 38,348 oz generating $206 million in revenue at an average gold price of $5,128/oz. The company reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce. Cash, bullion and listed investments totalled $459 million after $13 million in income tax payments, with final FY26 income tax payments of $55-60 million expected in the December quarter. Alkane paid its maiden fully franked dividend of 2 cents per share and approved a $50 million buyback in September 2026. CEO Nic Earner said AISC came in below the full-year cost guidance range.

  saultstar.com·23/10, 05:30goldminingearnings
• SSI forecasts when PNJ's profit will return to the VND 1,000 billion mark

  SSI forecasts PNJ's net revenue at VND 39,100 billion in 2026, VND 43,400 billion in 2027 and VND 57,700 billion in 2029, while after-tax profit is forecast at minus VND 6,300 billion in 2026, rising to VND 1,200 billion in 2028. The company holds large inventory, with diamonds making up 52%, and may need to set aside additional provisions for inventory write-downs if gold prices fall. Under SSI's estimated scenario, PNJ's additional repurchase obligation could be about VND 16,800 billion; to ease short-term liquidity pressure, the company plans to issue up to 550 million shares to raise VND 8,000 billion. Preliminary Q3/2026 results show a net loss of VND 258 billion, compared with a profit of VND 496 billion a year earlier. SSI continues to keep PNJ's stock at “Under review”.

  CafeF·23/10, 05:17▲ PNJPNJgoldearnings
• Ethereum delays Glamsterdam Hoodi testnet launch over security risks

  Ethereum has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for Oct. 26, so developers can examine how EIP-8037 and EIP-8038 interact with deployed smart contracts. ChainSecurity warned that the two proposals could weaken safeguards against insufficient gas griefing, potentially letting contracts permanently record failed operations and blocking otherwise valid user actions. The firm said it identified 13 real-world examples of potentially affected contracts and is coordinating responsible disclosure with the projects involved, without naming them. Security researcher pcaversaccio called the risks “serious” in an Oct. 21 GitHub comment and urged a reassessment of the hard fork. The mainnet timeline, which developers had been considering for early December, is now uncertain.

  Cointelegraph·23/10, 05:09▼ ETH/USDTETHUSDTcryptocybersecurity
• Proposed 0.2% tax on idle land and land left unused or slow to be put to use

  On the morning of October 23, the National Assembly heard the government's proposal and the review report on draft amendments to several tax laws, including the Law on Non-Agricultural Land Use Tax. The government proposes a 0.2% tax rate, with no area limit, for idle land and land that is not or is slowly being put to use, to institutionalize Resolution 21-NQ/TW. The Economic and Financial Committee agrees in principle but says the proposal conflicts with the current law, which applies 0.15% to unused land, and with the draft amended Land Law. It warns of possible double financial obligations for investment projects that leave land unused or slow to use it, and asks the drafting agency to clarify the basis, timeline and relationship with land use fees and land rental payments.

  CafeF·23/10, 05:06taxesreal estateVietnam