local
Most of Wall Street rises, but sinking AI stocks send it lower for the week
By Associated Press at KPRC 2 / Click2Houston (NBC)
· June 26, 2026
· 4 min read
Most of the U.S. stock market rose Friday after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around artificial-intelligence technology kept the market in check. The S&P 500 finished nearly flat and slipped less than 0.1% to close o...
Key takeaway The S&P 500 finished nearly flat and slipped less than 0.
Why this matters in The Piney Point
The volatility in Asian markets, driven by recent rallies in stocks related to artificial intelligence, has significant implications for the Houston area. As a major hub for technology and innovation, Houston is home to numerous companies involved in the development and implementation of AI. The fluctuations in the value of companies like Samsung and SK Hynix, which have partnerships with Nvidia, can impact local businesses and investors who have stakes in these companies. Furthermore, the Houston energy industry, which is increasingly leveraging AI for operations and exploration, may also feel the effects of these market swings. The decline in oil prices, which accompanied the sell-off in Asian markets, could have a direct impact on the local economy, affecting employment and investment in the energy sector. As the AI landscape continues to evolve, Houston residents and businesses will be closely watching the market trends and their potential impact on the local economy.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Piney Point surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 26, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
Reading time: 4 min
Get more The Piney Point stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? Most of the U.S. stock market rose Friday after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around artificial-intelligence technology kept the market in check. The S&P 500 finished nearly flat and slipped less than 0.1% to close o...
When was this published? This article was first published on June 26, 2026 by KPRC 2 / Click2Houston (NBC) and curated for The Piney Point readers.
Who reported this story? This story was reported by Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Piney Point selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Piney Point, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter