Get App
Download App Scanner
Scan to Download
Advertisement
LIVE UPDATES

US Stock Market Today LIVE: Nasdaq Tumbles Over 1% As AI Slowdown Calls, $110-Oil Scares Investors

Dow Jones fell 0.31% 0or 16512 points to 52,308.93 and S&P 500 was down 0.74% or 55.27 points at 7,601.71.

US Stock Market Today LIVE: Nasdaq Tumbles Over 1% As AI Slowdown Calls, $110-Oil Scares Investors
9 minutes ago

US stocks came under heavy selling pressure on Monday, with Nasdaq futures falling more than 1.5% in afternoon trade, as a sharp rise in oil prices, renewed concerns over interest rates and weakness in AI-linked stocks weighed on investor sentiment. Stay tuned with us for live market updates.

US Stock Market Live Today: Infosys, Wipro ADR Up 2%

The American depositary reciepts (ADR) for information technology stocks saw a surge of up to 5% on Monday, despite the slump in semiconductor companies's shares.

The ADR for firms like Infosys and Wipro increased by 2% while the ADR for Cognizant, ServiceNow and Accenture increased by 4%.

Read more here

US Stock Market Live Today: Micron, Intel, AMD, SanDisk Slump Up To 8% As Chip Trade Flips On AI CEOs' Slowdown Call

Shares of notable semiconductor brands such as SK Hynix, Nvidia, Intel, Micron, AMD and Sandisk were in the red, slumping up to 8% during early market trade on Monday.

This comes after a major announcement from Anthropic's Chief Executive Officer (CEO) Darius Amodei and OpenAI CEO Sam Altman announced plans to slow down the pace of artificial intelligence development in order to accommodate for safety protocols and frameworks.

Shares of Intel Corp. were trading 8% lower when markets opened.

Read more here.

US Stock Market Live Today: Infosys, Wipro ADR Rise

Infosys and Wipro ADRs have risen 2%.

US Stock Market Live Today: Bonds Advance

  • The yield on 10-year Treasuries advanced two basis points to 4.98%
  • Germany’s 10-year yield advanced two basis points to 3.53%
  • Britain’s 10-year yield advanced five basis points to 5.40%

US Stock Market Live Today: Bitcoin Rises Nearly 1%

  • Bitcoin rose 0.8% to $77,911.38
  • Ether fell 0.3% to $2,505.03

US Stock Market Live Today: Currency Update

  • The Bloomberg Dollar Spot Index rose 0.5%
  • The euro fell 0.6% to $1.1535
  • The British pound fell 0.4% to $1.3475
  • The Japanese yen fell 0.8% to 154.88 per dollar

US Stock Market Live Today: AI Favorite Nvidia Declines

AI favorites Nvidia and Broadcom both dropped 3%, while Advanced Micro Devices, Intel, and Marvell Technology suffered steeper losses of 5%, 7%, and 8%, respectively.

US Stock Market Live Today: Brent Spikes To $110/Barrel As Saudi East-West Pipeline Goes Out Of Service

Brent crude prices spiked to $110 per barrel on Monday, after reports said that Saudi Arabia's East-West pipeline, which came under attack this week, will remain out of service for a considerable time to come.

The benchmark was up around 5% as attacks and the closure of a key Saudi pipeline added to the impact of the Iran war.

The immediate trigger was Saudi Arabia's shutdown of its 1,200-km East-West pipeline after drone strikes launched from Iraqi territory damaged the crucial oil route.

US Stock Market Live Today: Nasdaq Tumbles Over 1% As AI Slowdown Calls, $110-Oil Scares Investors

Dow Jones fell 0.31% 0or 16512 points to 52,308.93, S&P 500 was down 0.74% or 55.27 points at 7,601.71 and Nasdaq slipped 1.22% or 317.04 to 26,018.23. This comes amid a sharp rise in oil prices, renewed concerns over interest rates and weakness in AI-linked stocks weighed on investor sentiment.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com