Wall Street is trading lower as rising oil prices weigh on broader markets and investors take a cautious stance toward technology stocks. The Korea Times reports the S&P 500 falls 0.2% and the Dow declines sharply in the morning, with three-quarters of S&P 500 stocks moving lower. It also links the selling pressure to a jump in Brent crude, which it says rises 2.4% to $115.86 and reaches its highest level since March.
Across reporting, tech-focused indexes show mixed to weaker performance, with AI-related and large technology names acting as partial offsets in some coverage. The Korea Times highlights gains in several big tech and AI-linked companies, including Micron and Microsoft, while noting that Nvidia’s smaller rise still helps cushion declines elsewhere. NDTV’s updates emphasize that Nasdaq performance is pressured as concerns about corporate borrowing and rising interest rates weigh on technology.
One outlet also foregrounds a single-company development tied to AI sentiment. NDTV says Meta erases about $100 billion in value on AI concerns, while reporting stocks are down at the open with the Dow, S&P 500, and Nasdaq all lower, including a deeper drop for the Nasdaq Composite.
