Stocks Slide in Explosive AI Sell-Off as Oil Surges
Stocks fell sharply Friday as an AI sell-off, rising oil prices and inflation fears pushed the Nasdaq to its worst weekly performance since June.
Stocks fell sharply Friday as an AI sell-off, rising oil prices and inflation fears pushed the Nasdaq to its worst weekly performance since June.
Stock market shares retreat as the Nasdaq falls 2.2%, AI stocks sink, oil tops $100 and investors reassess inflation, debt and Federal Reserve policy.
Dow Jones Industrial Average surges 556 points as investors rotate from AI stocks into value shares despite hotter inflation and Fed rate concerns.
Loans could remain costly as Fannie Mae raises its mortgage rate forecast, projecting 30-year rates near 7.5% through 2027 amid inflation pressures.
Mortgage rates have reached 7.28%, raising monthly payments by about $900 and making homes, cars, and other loans harder to afford.
Fed minutes reveal broad support for another 2026 rate hike as inflation stays elevated, Treasury yields hit historic highs and stocks retreat.
Trump approval falls to a career-low 33% in a new CNN poll, as voters blame the economy, tariffs and inflation for financial stress before the midterms.
Stock market today: McDonaldâs shares slide nearly 31% as inflation, weak sales, pricing concerns, and an $8.5 billion recovery plan unsettle investors.
Diesel fuel prices hit nearly $6.45 a gallon, with West Coast rates above $8 as supply constraints, oil prices and trucking costs continue to surge.
The Dow Jones stock market rebounds as falling oil prices and easing Treasury yields lift U.S. stocks after the Federal Reserve raises rates.