Stocks ended mixed as hopes for U.S.-Iranian negotiations caused a slide in the price of oil, while concerns about a potential AI bust weighed on the technology sector.
The market showed a split trajectory, with energy stocks declining due to geopolitical developments and tech stocks under pressure from valuation concerns about artificial intelligence. Investors weighed the temporary relief from oil price drops against persistent worries about the sustainability of AI-driven growth.
Apple’s Growth Machine is Slowing. High Prices Might Not Save It.
Shares fall as new CEO John Ternus warns margins may weaken in future quarters.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing